MMC has been the subject of several other research reports. Keefe, Bruyette & Woods upped their price objective on Marsh & McLennan Cos. from $69.00 to $71.00 and gave the company an outperform rating in a report on Friday, July 29th. Zacks Investment Research lowered Marsh & McLennan Cos. from a buy rating to a hold rating in a report on Wednesday, June 29th. BMO Capital Markets reaffirmed a market perform rating and set a $74.00 target price (up from $73.00) on shares of Marsh & McLennan Cos. in a report on Wednesday, August 3rd. Barclays PLC reaffirmed a buy rating and set a $77.00 target price on shares of Marsh & McLennan Cos. in a report on Friday, September 30th. Finally, Credit Suisse Group AG set a $55.00 target price on Marsh & McLennan Cos. and gave the company a hold rating in a report on Monday, September 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $69.18.
Shares of Marsh & McLennan Cos. (NYSE:MMC) traded down 0.39% during mid-day trading on Tuesday, reaching $65.73. The company’s stock had a trading volume of 149,422 shares. Marsh & McLennan Cos. has a 52-week low of $50.81 and a 52-week high of $68.69. The company has a market capitalization of $34.06 billion, a PE ratio of 21.00 and a beta of 0.93. The firm’s 50 day moving average is $66.92 and its 200-day moving average is $65.53.
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 the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business earned $3.40 billion during the quarter, compared to analyst estimates of $3.38 billion. Marsh & McLennan Cos. had a return on equity of 25.30% and a net margin of 12.54%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Analysts forecast that Marsh & McLennan Cos. will post $3.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 11th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, October 6th. Marsh & McLennan Cos.’s payout ratio is currently 43.45%.
In other Marsh & McLennan Cos. news, Chairman Alexander S. Moczarski sold 22,230 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $67.41, for a total value of $1,498,524.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.51% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Marsh & McLennan Cos. by 30.2% in the second quarter. FMR LLC now owns 16,680,076 shares of the company’s stock valued at $1,141,918,000 after buying an additional 3,868,048 shares during the last quarter. Wellington Management Group LLP increased its stake in Marsh & McLennan Cos. by 4.1% in the first quarter. Wellington Management Group LLP now owns 51,600,921 shares of the company’s stock valued at $3,136,820,000 after buying an additional 2,023,497 shares during the period. BlackRock Advisors LLC increased its stake in Marsh & McLennan Cos. by 70.3% in the second quarter. BlackRock Advisors LLC now owns 2,663,583 shares of the company’s stock valued at $182,349,000 after buying an additional 1,099,274 shares during the period. Emerald Acquisition Ltd. bought a new stake in Marsh & McLennan Cos. during the second quarter valued at about $57,740,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Marsh & McLennan Cos. by 322.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,030,763 shares of the company’s stock valued at $70,566,000 after buying an additional 786,774 shares during the period. 85.97% of the stock is currently 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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