Marsh & McLennan Companies (NYSE:MMC) had its price target increased by equities researchers at Barclays from $93.00 to $103.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays’ price target would indicate a potential upside of 24.25% from the stock’s previous close.
A number of other analysts have also recently weighed in on MMC. Wells Fargo & Co set a $91.00 price target on Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Jefferies Group reiterated a “hold” rating on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $88.00 price target on shares of Marsh & McLennan Companies in a research report on Sunday, October 29th. Finally, Goldman Sachs Group started coverage on Marsh & McLennan Companies in a research report on Monday, December 4th. They set a “neutral” rating and a $88.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $88.36.
Shares of Marsh & McLennan Companies (NYSE MMC) traded up $0.14 during midday trading on Tuesday, reaching $82.90. The company’s stock had a trading volume of 189,526 shares, compared to its average volume of 2,468,143. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.37. The firm has a market capitalization of $42,124.84, a PE ratio of 28.89, a P/E/G ratio of 1.49 and a beta of 1.00. Marsh & McLennan Companies has a 12-month low of $71.79 and a 12-month high of $86.54.
In related news, insider Scott Mcdonald sold 11,418 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $84.86, for a total value of $968,931.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel S. Glaser sold 618,557 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $82.80, for a total value of $51,216,519.60. Following the completion of the sale, the insider now owns 279,367 shares in the company, valued at $23,131,587.60. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Marsh & McLennan Companies by 51.6% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 27,029 shares of the financial services provider’s stock valued at $2,200,000 after purchasing an additional 9,200 shares in the last quarter. Sterling Capital Management LLC bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $734,000. Canyon Capital Advisors LLC bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $9,793,000. Csenge Advisory Group bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $274,000. Finally, BB&T Investment Services Inc. boosted its stake in Marsh & McLennan Companies by 7.4% during the 4th quarter. BB&T Investment Services Inc. now owns 24,067 shares of the financial services provider’s stock valued at $1,946,000 after purchasing an additional 1,659 shares in the last quarter. Hedge funds and other institutional investors own 83.92% of the company’s stock.
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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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