Marsh & McLennan Companies (MMC) Reaches New 1-Year High at $84.99

Marsh & McLennan Companies, Inc. (NYSE:MMC)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $84.99 and last traded at $83.93, with a volume of 2782600 shares changing hands. The stock had previously closed at $83.60.

Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a report on Tuesday, October 3rd. Wells Fargo & Company set a $91.00 price target on shares of Marsh & McLennan Companies and gave the company a “buy” rating in a report on Thursday, October 26th. Deutsche Bank cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 4th. Barclays boosted their price target on shares of Marsh & McLennan Companies from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Finally, Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.39.

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $42,834.25, a P/E ratio of 22.32, a PEG ratio of 1.78 and a beta of 1.01.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. Marsh & McLennan Companies had a net margin of 13.86% and a return on equity of 28.88%. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Marsh & McLennan Companies’s quarterly revenue was up 6.6% compared to the same quarter last year. equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 3.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, October 6th. Marsh & McLennan Companies’s payout ratio is presently 41.10%.

In other Marsh & McLennan Companies news, Director Marc D. Oken acquired 1,235 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $80.89 per share, with a total value of $99,899.15. Following the purchase, the director now owns 40,120 shares in the company, valued at $3,245,306.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.46% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Invictus RG acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth $106,000. Acrospire Investment Management LLC acquired a new position in Marsh & McLennan Companies during the 2nd quarter worth $109,000. San Francisco Sentry Investment Group CA lifted its position in Marsh & McLennan Companies by 5,086.2% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 1,475 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth $131,000. Finally, Grove Bank & Trust lifted its position in Marsh & McLennan Companies by 5.6% during the 2nd quarter. Grove Bank & Trust now owns 1,603 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 85 shares during the last quarter. 86.00% of the stock is owned by institutional investors and hedge funds.

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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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