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

Marsh & McLennan Companies, Inc. (NYSE:MRSH) has received an average recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $200.8125.

Several equities analysts recently commented on the stock. Citigroup raised shares of Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Wednesday, May 6th. Weiss Ratings cut Marsh & McLennan Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Piper Sandler decreased their price objective on Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Bank of America dropped their target price on 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, Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $200.00 to $203.00 and gave the stock a “market perform” rating in a research note on Friday, April 17th.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,656 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $161.71, for a total value of $2,693,441.76. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at approximately $18,889,506.81. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of Marsh & McLennan Companies

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

Marsh & McLennan Companies Stock Performance

NYSE:MRSH opened at $182.22 on Friday. Marsh & McLennan Companies has a 1-year low of $156.60 and a 1-year 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. The company has a market capitalization of $88.03 billion, a P/E ratio of 22.78, a PEG ratio of 2.57 and a beta of 0.61.

Marsh & McLennan Companies (NYSE:MRSH) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, topping 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 for the quarter. Marsh & McLennan Companies’s revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies will post 10.36 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

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

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.