Marsh & McLennan Companies (NYSE:MMC – Free Report) had its target price decreased by Keefe, Bruyette & Woods from $214.00 to $210.00 in a research note issued to investors on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the financial services provider’s stock.
MMC has been the subject of a number of other research reports. Roth Mkm raised their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Barclays raised their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $229.13.
View Our Latest Research Report on MMC
Marsh & McLennan Companies Stock Performance
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities analysts forecast that Marsh & McLennan Companies will post 9.45 earnings per share for the current year.
Marsh & McLennan Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.
Institutional Investors Weigh In On Marsh & McLennan Companies
Hedge funds and other institutional investors have recently made changes to their positions in the company. Carmichael Hill & Associates Inc. increased its stake in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $36,000. Finally, Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $38,000. 87.99% of the stock is owned by institutional investors and hedge funds.
Marsh & McLennan Companies Company Profile
Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.
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