Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) have been assigned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $94.18.
Several analysts have issued reports on MMC shares. Keefe, Bruyette & Woods downgraded shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $100.00 to $99.00 in a report on Wednesday, June 12th. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $95.00 price target on shares of Marsh & McLennan Companies in a report on Friday, April 5th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Tuesday, March 19th. Finally, Goldman Sachs Group started coverage on shares of Marsh & McLennan Companies in a report on Monday, April 8th. They issued a “neutral” rating and a $98.00 price target on the stock.
Shares of MMC opened at $99.75 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.44. The business’s 50-day moving average is $96.95. Marsh & McLennan Companies has a twelve month low of $74.30 and a twelve month high of $100.20. The firm has a market capitalization of $50.79 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.83 and a beta of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a dividend of $0.455 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.82 annualized dividend and a dividend yield of 1.82%. Marsh & McLennan Companies’s dividend payout ratio is presently 38.16%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sontag Advisory LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $26,000. Capital Financial Planning LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $29,000. Canton Hathaway LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth approximately $30,000. Riverview Trust Co purchased a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $32,000. Finally, Thor Advisors LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth approximately $37,000. 85.04% of the stock is currently owned by institutional investors and hedge funds.
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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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