Marsh & McLennan Companies (NYSE:MMC) had its target price cut by Citigroup from $96.00 to $94.00 in a research note published on Friday. They currently have a buy rating on the financial services provider’s stock.

Several other brokerages have also issued reports on MMC. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Monday, December 4th. They set a neutral rating and a $88.00 target price for the company. UBS Group lowered shares of Marsh & McLennan Companies from a buy rating to a neutral rating in a research report on Wednesday, December 6th. Wells Fargo & Co set a $91.00 target price on shares of Marsh & McLennan Companies and gave the company a buy rating in a research report on Thursday, October 26th. Barclays boosted their target price on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an overweight rating in a research report on Monday, October 16th. Finally, Royal Bank of Canada restated a buy rating and set a $93.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $87.45.

Marsh & McLennan Companies (NYSE MMC) opened at $80.43 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70. Marsh & McLennan Companies has a twelve month low of $70.45 and a twelve month high of $86.54. The firm has a market cap of $40,938.87, a P/E ratio of 20.52, a PEG ratio of 1.44 and a beta of 1.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Marsh & McLennan Companies had a net margin of 10.64% and a return on equity of 28.80%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share. analysts anticipate that Marsh & McLennan Companies will post 4.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.50 annualized dividend and a yield of 1.86%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 52.26%.

In other Marsh & McLennan Companies news, insider Daniel S. Glaser sold 618,557 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total value of $51,216,519.60. Following the completion of the transaction, the insider now directly owns 279,367 shares in the company, valued at $23,131,587.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Mcdonald sold 11,418 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $84.86, for a total transaction of $968,931.48. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of MMC. Amundi Pioneer Asset Management Inc. boosted its position in shares of Marsh & McLennan Companies by 71.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,905,823 shares of the financial services provider’s stock worth $494,967,000 after purchasing an additional 2,460,107 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Marsh & McLennan Companies by 35.2% in the third quarter. JPMorgan Chase & Co. now owns 6,706,542 shares of the financial services provider’s stock worth $561,069,000 after purchasing an additional 1,747,201 shares during the period. Capital International Investors boosted its position in shares of Marsh & McLennan Companies by 10.7% in the third quarter. Capital International Investors now owns 12,500,396 shares of the financial services provider’s stock worth $1,047,658,000 after purchasing an additional 1,212,799 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Marsh & McLennan Companies by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 7,328,740 shares of the financial services provider’s stock worth $614,221,000 after purchasing an additional 836,047 shares during the period. Finally, Findlay Park Partners LLP bought a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $57,430,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

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Marsh & McLennan Companies 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 risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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