Marsh & McLennan Companies (NYSE:MMC) had its price objective lifted by JPMorgan Chase & Co. from $112.00 to $116.00 in a report released on Friday, The Fly reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 0.51% from the company’s previous close.

MMC has been the topic of a number of other research reports. Cfra upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and decreased their target price for the company from $120.00 to $110.00 in a research report on Thursday, April 30th. Goldman Sachs Group upgraded Marsh & McLennan Companies from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $117.00 to $100.00 in a report on Monday, April 13th. Atlantic Securities upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price objective on the stock in a report on Tuesday, May 12th. Raymond James decreased their price objective on Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Morgan Stanley raised their price objective on Marsh & McLennan Companies from $120.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $111.45.

Marsh & McLennan Companies stock traded down $0.11 during mid-day trading on Friday, hitting $116.60. The company had a trading volume of 2,093,115 shares, compared to its average volume of 1,247,084. The company has a current ratio of 1.37, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. Marsh & McLennan Companies has a 12-month low of $74.33 and a 12-month high of $119.88. The company’s fifty day moving average is $109.16 and its 200-day moving average is $104.90. The company has a market capitalization of $59.01 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 4.72 and a beta of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.19. Marsh & McLennan Companies had a return on equity of 31.82% and a net margin of 11.83%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the firm posted $1.18 EPS. The business’s revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Marsh & McLennan Companies will post 4.71 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Marsh & McLennan Companies by 3.0% during the first quarter. BlackRock Inc. now owns 42,886,436 shares of the financial services provider’s stock worth $3,707,959,000 after acquiring an additional 1,239,186 shares during the period. Capital International Investors grew its holdings in Marsh & McLennan Companies by 0.6% during the first quarter. Capital International Investors now owns 20,077,397 shares of the financial services provider’s stock worth $1,735,902,000 after acquiring an additional 120,143 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Marsh & McLennan Companies by 22.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,540,002 shares of the financial services provider’s stock worth $1,343,589,000 after acquiring an additional 2,863,342 shares during the period. JPMorgan Chase & Co. grew its holdings in Marsh & McLennan Companies by 21.7% during the first quarter. JPMorgan Chase & Co. now owns 8,401,177 shares of the financial services provider’s stock worth $726,368,000 after acquiring an additional 1,496,017 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Marsh & McLennan Companies by 0.8% during the first quarter. Geode Capital Management LLC now owns 7,293,030 shares of the financial services provider’s stock worth $629,472,000 after acquiring an additional 59,369 shares during the period. 87.39% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Company Profile

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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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