Marsh & McLennan Companies (MMC) PT Lowered to $87.00 at UBS Group

Marsh & McLennan Companies (NYSE:MMC) had its target price reduced by research analysts at UBS Group from $92.00 to $87.00 in a research report issued to clients and investors on Monday, www.benzinga.com reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective suggests a potential upside of 9.81% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Citigroup raised their price target on shares of Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Credit Suisse Group set a $91.00 price target on shares of Marsh & McLennan Companies and gave the stock a “hold” rating in a report on Tuesday, October 9th. Jefferies Financial Group restated a “hold” rating and issued a $90.00 price target on shares of Marsh & McLennan Companies in a report on Friday, July 27th. Finally, Bank of America cut shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $94.00 to $93.00 in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $92.27.

NYSE MMC traded down $0.35 during mid-day trading on Monday, reaching $79.23. 12,430 shares of the stock were exchanged, compared to its average volume of 1,875,151. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $41.77 billion, a PE ratio of 20.26, a P/E/G ratio of 1.54 and a beta of 0.94. Marsh & McLennan Companies has a one year low of $78.60 and a one year high of $87.89.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Marsh & McLennan Companies had a return on equity of 29.26% and a net margin of 11.13%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share. As a group, equities analysts expect that Marsh & McLennan Companies will post 4.3 earnings per share for the current fiscal year.

In other news, SVP E Scott Gilbert sold 80,646 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the completion of the transaction, the senior vice president now directly owns 123,843 shares in the company, valued at $10,482,071.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at about $100,000. SRS Capital Advisors Inc. lifted its position in shares of Marsh & McLennan Companies by 3,497.1% during the second quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,189 shares in the last quarter. Kaizen Advisory LLC lifted its position in shares of Marsh & McLennan Companies by 152.0% during the second quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 751 shares in the last quarter. Sun Life Financial INC lifted its position in shares of Marsh & McLennan Companies by 619.9% during the second quarter. Sun Life Financial INC now owns 1,375 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 1,184 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at about $127,000. Hedge funds and other institutional investors own 85.96% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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.

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

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