Marsh & McLennan Companies, Inc. (MMC) Receives Average Rating of “Hold” from Analysts
Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) have received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $87.11.
A number of equities analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a research report on Friday. Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Monday, December 4th. They issued a “neutral” rating and a $88.00 price objective for the company. Wells Fargo & Co reissued a “buy” rating and issued a $91.00 price objective on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $88.00 price objective on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th.
Marsh & McLennan Companies (MMC) traded down $0.18 during trading hours on Tuesday, hitting $80.86. 409,782 shares of the stock were exchanged, compared to its average volume of 2,546,407. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $41,360.00, a price-to-earnings ratio of 28.28, a PEG ratio of 1.44 and a beta of 1.00. Marsh & McLennan Companies has a twelve month low of $71.43 and a twelve month high of $86.54.
The business also recently declared 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. This represents a $1.50 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 52.45%.
In other Marsh & McLennan Companies news, insider Scott Mcdonald sold 11,418 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $84.86, for a total transaction of $968,931.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel S. Glaser sold 618,557 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the sale, the insider now owns 279,367 shares of the company’s stock, valued at $23,131,587.60. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $102,000. Invictus RG purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at $106,000. Legacy Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 1,558.8% in the fourth quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 1,247 shares during the period. San Francisco Sentry Investment Group CA boosted its stake in shares of Marsh & McLennan Companies by 5,086.2% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 1,475 shares during the period. Finally, Bank of Nova Scotia Trust Co. purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at $131,000. Institutional investors 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.
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