A number of other equities research analysts have also weighed in on MMC. BMO Capital Markets reissued a market perform rating and set a $73.00 price objective (down from $77.00) on shares of Marsh & McLennan Cos. in a report on Tuesday, July 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Cos. from $69.00 to $71.00 and gave the company an outperform rating in a report on Friday, July 29th. Deutsche Bank AG boosted their target price on shares of Marsh & McLennan Cos. from $67.00 to $71.00 and gave the company a buy rating in a research report on Friday, July 29th. Zacks Investment Research downgraded shares of Marsh & McLennan Cos. from a buy rating to a hold rating in a research report on Wednesday, June 29th. Finally, Credit Suisse Group AG set a $55.00 target price on shares of Marsh & McLennan Cos. and gave the company a hold rating in a research report on Monday, September 12th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $68.50.
Marsh & McLennan Cos. (NYSE:MMC) traded down 0.37% during midday trading on Friday, reaching $67.00. 325,171 shares of the company’s stock were exchanged. Marsh & McLennan Cos. has a 52 week low of $50.81 and a 52 week high of $68.69. The firm has a market capitalization of $34.72 billion, a P/E ratio of 21.41 and a beta of 0.93. The stock’s 50 day moving average is $67.20 and its 200 day moving average is $65.10.
Marsh & McLennan Cos. (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.38 billion. Marsh & McLennan Cos. had a net margin of 12.54% and a return on equity of 25.30%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. On average, analysts expect that Marsh & McLennan Cos. will post $3.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, October 11th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.36 annualized dividend and a yield of 2.02%. Marsh & McLennan Cos.’s dividend payout ratio is presently 43.45%.
In related news, Chairman Alexander S. Moczarski sold 22,230 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $67.41, for a total transaction of $1,498,524.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.51% of the company’s stock.
A number of hedge funds have recently made changes to their positions in MMC. Washington Trust Bank boosted its stake in shares of Marsh & McLennan Cos. by 2.9% in the second quarter. Washington Trust Bank now owns 1,685 shares of the company’s stock valued at $115,000 after buying an additional 48 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in Marsh & McLennan Cos. during the first quarter valued at $121,000. Financial Architects Inc boosted its stake in Marsh & McLennan Cos. by 326.2% in the second quarter. Financial Architects Inc now owns 2,144 shares of the company’s stock valued at $146,000 after buying an additional 1,641 shares during the period. Howard Hughes Medical Institute purchased a new stake in Marsh & McLennan Cos. during the first quarter valued at $136,000. Finally, Integrated Investment Consultants LLC boosted its stake in Marsh & McLennan Cos. by 10.7% in the second quarter. Integrated Investment Consultants LLC now owns 2,356 shares of the company’s stock valued at $161,000 after buying an additional 228 shares during the period. 85.97% of the stock is owned by institutional investors.
Marsh & McLennan Cos. Company Profile
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.
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