Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $228.00 at Royal Bank of Canada

Marsh & McLennan Companies (NYSE:MMC) had its price target boosted by Royal Bank of Canada from $210.00 to $228.00 in a research note released on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. Piper Sandler downgraded shares of Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 price target for the company. in a report on Wednesday, April 17th. TD Cowen boosted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a hold rating in a research note on Monday, April 22nd. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a hold rating in a research note on Friday, April 19th. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an equal weight rating in a research report on Friday, April 19th. Finally, UBS Group raised their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a buy rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of Hold and an average target price of $211.47.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $210.25 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a 50-day simple moving average of $206.87 and a 200 day simple moving average of $201.20. Marsh & McLennan Companies has a fifty-two week low of $183.81 and a fifty-two week high of $216.89. The company has a market cap of $103.59 billion, a PE ratio of 26.68, a P/E/G ratio of 2.99 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies will post 8.68 EPS for the current year.

Insider Activity

In related news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the sale, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Several large investors have recently added to or reduced their stakes in MMC. Indiana Trust & Investment Management CO purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at about $27,000. Valley National Advisers Inc. lifted its position in shares of Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $26,000. Finally, Headinvest LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at approximately $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.