Marsh & McLennan Companies (NYSE:MMC) Earns “Outperform” Rating from Evercore ISI

Marsh & McLennan Companies (NYSE:MMC)‘s stock had its “outperform” rating reaffirmed by investment analysts at Evercore ISI in a research note issued on Monday,Benzinga reports. They presently have a $242.00 target price on the financial services provider’s stock. Evercore ISI’s target price points to a potential upside of 6.22% from the company’s previous close.

MMC has been the topic of a number of other reports. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Bank of America boosted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Finally, Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $227.60.

Marsh & McLennan Companies Trading Up 1.5 %

Shares of NYSE MMC opened at $227.82 on Monday. The stock has a market cap of $111.89 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 3.39 and a beta of 0.94. The firm has a 50 day moving average price of $223.67 and a two-hundred day moving average price of $218.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies has a 52-week low of $184.28 and a 52-week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 EPS. As a group, equities analysts forecast that Marsh & McLennan Companies will post 8.68 EPS for the current year.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by insiders.

Institutional Trading of Marsh & McLennan Companies

Institutional investors and hedge funds have recently bought and sold shares of the company. Carmichael Hill & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $31,000. Crewe Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.