Marsh & McLennan Companies, Inc. (NYSE:MMC) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $92.44.
Several analysts have recently commented on MMC shares. Goldman Sachs Group began coverage on Marsh & McLennan Companies in a report on Monday, April 8th. They set a “neutral” rating and a $98.00 price objective for the company. Compass Point began coverage on Marsh & McLennan Companies in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 target price for the company. Citigroup set a $99.00 target price on Marsh & McLennan Companies and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $95.00 target price on shares of Marsh & McLennan Companies in a research note on Friday, April 5th.
In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 89,789 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the sale, the senior vice president now directly owns 94,957 shares of the company’s stock, valued at approximately $8,550,877.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 6,519 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $92.63, for a total value of $603,854.97. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $3,119,593.14. The disclosure for this sale can be found here. Insiders sold a total of 223,725 shares of company stock valued at $20,508,280 in the last 90 days. 1.16% of the stock is currently owned by company insiders.
Shares of MMC traded down $0.69 during midday trading on Monday, hitting $93.72. 2,286,743 shares of the company’s stock traded hands, compared to its average volume of 1,646,175. Marsh & McLennan Companies has a 1 year low of $74.30 and a 1 year high of $95.82. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market cap of $47.34 billion, a PE ratio of 21.54, a P/E/G ratio of 1.73 and a beta of 0.88.
Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.72 billion. As a group, research analysts forecast that Marsh & McLennan Companies will post 4.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, April 10th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.66 dividend on an annualized basis and a yield of 1.77%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 38.16%.
About Marsh & McLennan Companies
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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