2 weeks Ago By ABMN Staff
Marsh & McLennan Companies, Inc. ( NYSE:MMC – Get Free Report ) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have issued a buy recommendation on the company.
The average 1-year target price among analysts that have covered the stock in the last year is $227.60. Several equities analysts recently issued reports on MMC shares.
Bank of America raised their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th.
Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th.
UBS Group raised their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd.
Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th.
Finally, Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th.
Check Out Our Latest Report on Marsh & McLennan Companies Marsh & McLennan Companies Trading Up 0.9 % Marsh & McLennan Companies ( NYSE:MMC – Get Free Report ) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.
63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02.
The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion.
Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%.
The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.
57 earnings per share. As a group, analysts predict that Marsh & McLennan Companies will post 8.68 earnings per share for the current fiscal year.
Marsh & McLennan Companies Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a $0.815 dividend.
This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%.
The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.
Insider Buying and Selling In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.
00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95.
This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
0.35% of the stock is owned by company insiders. Institutional Investors Weigh In On Marsh & McLennan Companies Institutional investors have recently modified their holdings of the stock.
Silvercrest Asset Management Group LLC increased its stake in Marsh & McLennan Companies by 0.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 313,601 shares of the financial services provider’s stock valued at $64,596,000 after purchasing an additional 2,914 shares in the last quarter.
L1 Capital International Pty Ltd increased its position in shares of Marsh & McLennan Companies by 8.9% during the first quarter. L1 Capital International Pty Ltd now owns 50,827 shares of the financial services provider’s stock valued at $10,363,000 after acquiring an additional 4,153 shares in the last quarter.
Janus Henderson Group PLC raised its holdings in Marsh & McLennan Companies by 0.6% in the 1st quarter. Janus Henderson Group PLC now owns 2,142,400 shares of the financial services provider’s stock worth $441,224,000 after acquiring an additional 12,918 shares during the last quarter.
Interval Partners LP boosted its stake in Marsh & McLennan Companies by 50.6% during the 1st quarter. Interval Partners LP now owns 54,075 shares of the financial services provider’s stock valued at $11,138,000 after purchasing an additional 18,175 shares during the last quarter.
Finally, Industrial Alliance Investment Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 3.2% in the 1st quarter.
Industrial Alliance Investment Management Inc. now owns 1,910 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 60 shares in the last quarter. 87.
99% of the stock is owned by hedge funds and other institutional investors. About Marsh & McLennan Companies ( Get Free Report 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. Featured Articles Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter .
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