Redburn Atlantic Initiates Coverage on Marsh & McLennan Companies (NYSE:MMC)

Equities research analysts at Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies (NYSE:MMC) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $281.00 price target on the financial services provider’s stock. Redburn Atlantic’s price target indicates a potential upside of 19.66% from the stock’s previous close.

A number of other brokerages also recently issued reports on MMC. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $233.41.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $234.82 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $227.57 and a 200-day simple moving average of $223.78. Marsh & McLennan Companies has a 12 month low of $196.17 and a 12 month high of $241.84. The stock has a market capitalization of $115.33 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts predict that Marsh & McLennan Companies will post 9.61 earnings per share for the current year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock worth $13,350,279 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $36,000. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $37,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Finally, Transce3nd LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.