Marsh & McLennan Companies (NYSE:MMC) Downgraded to Market Perform at Keefe, Bruyette & Woods

Marsh & McLennan Companies (NYSE:MMC) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, The Fly reports.

MMC has been the subject of a number of other research reports. Wells Fargo & Co restated a “market perform” rating and set a $95.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Tuesday, March 19th. ValuEngine raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Goldman Sachs Group initiated coverage on shares of Marsh & McLennan Companies in a research note on Monday, April 8th. They set a “neutral” rating and a $98.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $93.60.

Shares of Marsh & McLennan Companies stock opened at $98.48 on Wednesday. The firm has a market cap of $50.72 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.82 and a beta of 0.79. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies has a one year low of $74.30 and a one year high of $100.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.19 billion. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. Marsh & McLennan Companies’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. On average, equities research analysts forecast that Marsh & McLennan Companies will post 4.61 earnings per share for the current year.

Several large investors have recently bought and sold shares of MMC. Vanguard Group Inc lifted its holdings in shares of Marsh & McLennan Companies by 0.6% during the third quarter. Vanguard Group Inc now owns 36,874,092 shares of the financial services provider’s stock valued at $3,050,224,000 after purchasing an additional 218,725 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 9.6% during the fourth quarter. Advisors Asset Management Inc. now owns 168,572 shares of the financial services provider’s stock valued at $13,444,000 after purchasing an additional 14,789 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 36,951 shares of the financial services provider’s stock valued at $2,947,000 after purchasing an additional 364 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,760 shares of the financial services provider’s stock valued at $1,496,000 after purchasing an additional 450 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Marsh & McLennan Companies by 3.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 57,077 shares of the financial services provider’s stock valued at $4,552,000 after purchasing an additional 1,706 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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