Marsh & McLennan Companies (NYSE:MMC) Given New $235.00 Price Target at JPMorgan Chase & Co.

Marsh & McLennan Companies (NYSE:MMC) had its target price increased by JPMorgan Chase & Co. from $230.00 to $235.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.23% from the company’s previous close.

MMC has been the subject of several other reports. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a report on Tuesday, October 22nd. Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $228.47.

Marsh & McLennan Companies Stock Down 0.0 %

MMC opened at $211.27 on Friday. Marsh & McLennan Companies has a 52 week low of $188.31 and a 52 week high of $235.50. The business has a 50 day moving average price of $220.56 and a two-hundred day moving average price of $221.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $103.76 billion, a PE ratio of 26.02, a P/E/G ratio of 2.59 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company earned $1.57 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies will post 8.68 EPS for the current year.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Trading of Marsh & McLennan Companies

Hedge funds have recently bought and sold shares of the company. Everence Capital Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 63.5% during the fourth quarter. Everence Capital Management Inc. now owns 16,120 shares of the financial services provider’s stock worth $3,424,000 after purchasing an additional 6,260 shares during the last quarter. GAMMA Investing LLC boosted its stake in Marsh & McLennan Companies by 21.7% in the 4th quarter. GAMMA Investing LLC now owns 4,704 shares of the financial services provider’s stock worth $999,000 after buying an additional 839 shares during the last quarter. Versant Capital Management Inc grew its holdings in Marsh & McLennan Companies by 37.3% in the 4th quarter. Versant Capital Management Inc now owns 743 shares of the financial services provider’s stock valued at $158,000 after buying an additional 202 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after acquiring an additional 184,239 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Marsh & McLennan Companies by 3.0% in the third quarter. Principal Financial Group Inc. now owns 839,757 shares of the financial services provider’s stock worth $187,341,000 after acquiring an additional 24,624 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.