1 week Ago By Defense World Staff
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) had its price target boosted by stock analysts at Jefferies Financial Group from $237.00 to $244.00 in a research report issued on Friday,Benzinga reports.
The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 4.49% from the company’s previous close.
MMC has been the topic of a number of other reports. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.
00 price objective on the stock. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.
00 in a report on Thursday, December 12th. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $210.00 to $220.
00 and gave the stock an “underperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $230.
00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $223.
00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock.
According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $236.12.
Check Out Our Latest Research Report on Marsh & McLennan CompaniesMarsh & McLennan Companies Trading Up 2.1 %Shares of Marsh & McLennan Companies stock opened at $233.52 on Friday.
The firm’s 50-day moving average price is $232.84 and its two-hundred day moving average price is $224.62.
Marsh & McLennan Companies has a 12-month low of $196.17 and a 12-month high of $248.00.
The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.
44. The company has a market capitalization of $115.10 billion, a price-to-earnings ratio of 28.
51, a PEG ratio of 2.70 and a beta of 0.85.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
75 by $0.12. Marsh & McLennan Companies had a net margin of 16.
60% and a return on equity of 32.60%. On average, analysts forecast that Marsh & McLennan Companies will post 9.
61 earnings per share for the current fiscal year. Insider Transactions at Marsh & McLennan CompaniesIn related news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.
16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.
64. This trade represents a 63.55 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.
97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.
31. The trade was a 31.06 % decrease in their position.
The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,634 shares of company stock valued at $16,244,986. Insiders own 0.
30% of the company’s stock. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently added to or reduced their stakes in the stock. Louisbourg Investments Inc.
lifted its stake in Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc.
now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after acquiring an additional 3,300 shares during the period. Sanctuary Advisors LLC increased its stake in Marsh & McLennan Companies by 4.3% during the third quarter.
Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after acquiring an additional 3,553 shares during the last quarter. Czech National Bank raised its position in Marsh & McLennan Companies by 6.3% in the 4th quarter.
Czech National Bank now owns 106,485 shares of the financial services provider’s stock worth $22,618,000 after purchasing an additional 6,310 shares during the period. Handelsbanken Fonder AB increased its position in shares of Marsh & McLennan Companies by 9.4% during the fourth quarter.
Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock worth $40,679,000 after acquiring an additional 16,464 shares during the period. Finally, Brentview Investment Management LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth about $3,635,000. Institutional investors own 87.
99% of the company’s stock. Marsh & McLennan Companies Company Profile (Get Free Report)Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people.
It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.Recommended StoriesFive stocks we like better than Marsh & McLennan Companies3 Home Improvement Stocks that Can Upgrade Your PortfolioRobinhood Strategies Could Be a Game-Changer for Young InvestorsWhat is the S&P 500 and How It is Distinct from Other IndexesAre These 3 Retail Stocks Oversold or Really in Trouble?Election Stocks: How Elections Affect the Stock MarketIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
