Marsh & McLennan Companies (NYSE:MMC) Now Covered by Redburn Atlantic

Equities research analysts at Redburn Atlantic began coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a report released on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $281.00 price target on the financial services provider’s stock. Redburn Atlantic’s price objective would indicate a potential upside of 17.71% from the stock’s current price.

A number of other research firms also recently issued reports on MMC. Raymond James reissued an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $233.41.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $238.72 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $117.24 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies has a 1 year low of $196.17 and a 1 year high of $241.84. The firm has a 50 day moving average price of $228.56 and a 200 day moving average price of $223.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Sell-side analysts predict that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares of the company’s stock, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock valued at $13,350,279 over the last three months. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. grew its position in Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 7,380 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after buying an additional 3,553 shares during the period. Finally, Czech National Bank grew its holdings in Marsh & McLennan Companies by 6.3% in the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock worth $22,618,000 after buying an additional 6,310 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.