Marsh & McLennan Companies, Inc. (NYSE:MMC) Given Average Recommendation of “Hold” by Analysts

Marsh & McLennan Companies, Inc. (NYSE:MMC) has received an average rating of “Hold” from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $216.8750.

A number of equities research analysts recently issued reports on the company. TD Cowen decreased their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price for the company. Evercore cut their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $200.00 to $195.00 in a report on Monday, October 20th. Finally, Cantor Fitzgerald reduced their target price on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th.

Marsh & McLennan Companies Stock Down 1.7%

Shares of NYSE MMC opened at $182.39 on Tuesday. Marsh & McLennan Companies has a 1 year low of $174.18 and a 1 year high of $248.00. The firm has a 50-day simple moving average of $183.94 and a two-hundred day simple moving average of $190.91. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, January 29th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Marsh & McLennan Companies

Several large investors have recently modified their holdings of MMC. Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $25,000. City Holding Co. purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth $29,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $29,000. Westside Investment Management Inc. raised its position in shares of Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $30,000. Institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.