Jefferies Group LLC Reiterates Hold Rating for Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group LLC in a research report issued on Monday, July 24th. They currently have a $87.00 price objective on the financial services provider’s stock, up from their previous price objective of $80.00. Jefferies Group LLC’s target price points to a potential upside of 12.46% from the stock’s previous close.

MMC has been the topic of several other reports. Morgan Stanley reissued an “equal weight” rating and issued a $80.00 target price (up from $73.00) on shares of Marsh & McLennan Companies in a research note on Friday, July 7th. BidaskClub cut Marsh & McLennan Companies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, June 27th. Deutsche Bank AG raised their target price on Marsh & McLennan Companies from $76.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $81.56.

Shares of Marsh & McLennan Companies (NYSE MMC) traded up 0.19% during mid-day trading on Monday, hitting $77.36. The stock had a trading volume of 1,864,568 shares. The firm has a market cap of $39.65 billion, a PE ratio of 21.38 and a beta of 0.98. The stock has a 50 day moving average price of $78.37 and a 200 day moving average price of $75.43. Marsh & McLennan Companies has a 52 week low of $62.33 and a 52 week high of $81.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities research analysts expect that Marsh & McLennan Companies will post $3.81 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Accident Compensation Corp raised its position in shares of Marsh & McLennan Companies by 8.5% in the first quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock worth $6,013,000 after buying an additional 6,400 shares during the last quarter. HighPoint Advisor Group LLC raised its position in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,031 shares of the financial services provider’s stock worth $749,000 after buying an additional 97 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Marsh & McLennan Companies by 47.5% in the first quarter. Toronto Dominion Bank now owns 154,812 shares of the financial services provider’s stock worth $11,441,000 after buying an additional 49,850 shares during the last quarter. M&T Bank Corp raised its position in shares of Marsh & McLennan Companies by 25.2% in the first quarter. M&T Bank Corp now owns 87,352 shares of the financial services provider’s stock worth $6,454,000 after buying an additional 17,572 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Marsh & McLennan Companies by 25.3% in the first quarter. Teacher Retirement System of Texas now owns 301,215 shares of the financial services provider’s stock worth $22,257,000 after buying an additional 60,891 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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