Marsh & McLennan Companies (NYSE:MMC) Price Target Raised to $102.00 at UBS Group

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Marsh & McLennan Companies (NYSE:MMC) had its price objective boosted by UBS Group from $98.00 to $102.00 in a research note released on Wednesday morning, Stock Target Advisor reports. The firm currently has a neutral rating on the financial services provider’s stock.

MMC has been the topic of several other reports. Royal Bank of Canada reissued an outperform rating and issued a GBX 150 ($1.96) target price on shares of in a research note on Monday, June 17th. Wells Fargo & Co reissued a hold rating on shares of AON in a research report on Friday, April 5th. Zacks Investment Research downgraded shares of First Merchants from a hold rating to a sell rating in a research report on Monday, July 1st. ValuEngine cut shares of Yext from a strong-buy rating to a buy rating in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods lowered shares of Marsh & McLennan Companies from an outperform rating to a market perform rating and cut their target price for the company from $100.00 to $99.00 in a research note on Wednesday, June 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $96.33.

MMC opened at $102.81 on Wednesday. The stock has a market capitalization of $52.11 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.83 and a beta of 0.78. Marsh & McLennan Companies has a 12 month low of $74.30 and a 12 month high of $102.95. The business has a 50-day moving average of $98.60. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.21 and a current ratio of 2.21.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Analysts expect that Marsh & McLennan Companies will post 4.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, July 10th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.84%.

Several large investors have recently made changes to their positions in the company. Sontag Advisory LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter worth about $26,000. Lenox Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies during the second quarter valued at approximately $26,000. Capital Financial Planning LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $29,000. Canton Hathaway LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $30,000. Finally, Thor Advisors LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $37,000. 85.04% of the stock is currently 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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Analyst Recommendations for Marsh & McLennan Companies (NYSE:MMC)

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