Marsh & McLennan Companies (NYSE:MRSH) Given New $218.00 Price Target at Cantor Fitzgerald

Marsh & McLennan Companies (NYSE:MRSH) had its target price increased by Cantor Fitzgerald from $210.00 to $218.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other analysts also recently commented on MRSH. Mizuho increased their price target on Marsh & McLennan Companies from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday, May 6th. Barclays cut their price target on shares of Marsh & McLennan Companies from $209.00 to $206.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Bank of America decreased their price objective on shares of Marsh & McLennan Companies from $181.00 to $174.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Finally, Weiss Ratings cut shares of Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $200.44.

Marsh & McLennan Companies Trading Down 0.1%

Shares of Marsh & McLennan Companies stock opened at $178.81 on Thursday. The firm has a market cap of $86.38 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.61 and a beta of 0.61. Marsh & McLennan Companies has a 12-month low of $156.60 and a 12-month high of $216.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $3.21 by $0.08. Marsh & McLennan Companies had a net margin of 14.26% and a return on equity of 31.87%. The firm had revenue of $7.30 billion during the quarter. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts anticipate that Marsh & McLennan Companies will post 10.37 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, July 23rd. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s payout ratio is currently 45.00%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $161.71, for a total transaction of $2,693,441.76. Following the sale, the chief executive officer owned 116,811 shares in the company, valued at $18,889,506.81. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

Large investors have recently modified their holdings of the company. Solstein Capital LLC purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $25,000. Asset Dedication LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $25,000. SHP Wealth Management bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Marsh & McLennan Companies in the 4th quarter worth $27,000. Finally, Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $27,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

More Marsh & McLennan Companies News

Here are the key news stories impacting Marsh & McLennan Companies this week:

• Positive Sentiment: UBS reiterated its Buy rating and raised its price target on Marsh & McLennan Companies (MRSH) to $212, signaling confidence in further upside. UBS Sticks to Their Buy Rating for Marsh & McLennan Companies (MRSH)
• Positive Sentiment: Cantor Fitzgerald also lifted its price target on MRSH to $218 and kept an Overweight rating, reinforcing the view that the shares still have meaningful upside. Benzinga report on Cantor Fitzgerald price target increase
• Positive Sentiment: Marsh & McLennan raised its quarterly dividend by 10% to $0.99 per share, a sign of strong cash generation and continued commitment to returning capital to shareholders. Marsh Raises Dividend: Is Its Capital Return Story Getting Stronger?
• Neutral Sentiment: Mizuho modestly increased its price target to $197 while keeping a Neutral rating, adding to the overall analyst attention but offering a more balanced view. Benzinga report on Mizuho price target increase
• Neutral Sentiment: The company also formally declared the new quarterly dividend, payable in August, confirming the higher payout and supporting the stock’s income appeal. Dividend declaration details

Marsh & McLennan Companies Company Profile

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.