Barclays Maintains Marsh & McLennan Companies to Overweight with Price Target $77.00

Brokerage firm Barclays Maintains its rating on Marsh & McLennan Companies(NYSE:MMC). In a research note issued to the investors, the brokerage major Raises the price-target to $77.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Jul 29, 2016, Keefe Bruyette & Woods said it Maintains its rating on Marsh & McLennan Companies. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 29, 2016, Deutsche Bank said it Maintains its rating on Marsh & McLennan Companies. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Buy’ by the firm.

Marsh & McLennan Companies (MMC) shares turned negative on Tuesdays trading session with the shares closing down -0.63 points or -0.94% at a volume of 22,44,489. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.96. The peak price level was also seen at $66.96 while the days lowest was $66.11. Finally the shares closed at $66.33. The 52-week high of the shares is $68.69 while the 52-week low is $50.81. According to the latest information available, the market cap of the company is $34,375 M.

Marsh & McLennan Companies has also declared a cash dividend of $0.3400 on Sep 21, 2016. The shares will quote ex-dividend on Oct 7, 2016 and the record date has been fixed on Oct 11, 2016. The dividend payable date has been fixed on Nov 15, 2016.

Marsh & McLennan Companies(MMC) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.38B. Analysts had an estimated revenue of $3.38B. Earnings per share were $0.91. Analysts had estimated an EPS of $0.90.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Alexander S Moczarski (Chairman of MMC International) sold 22,230 shares at $67.41 per share price.Also, On Jun 3, 2016, Maria Silvia Bastos Marques (director) sold 1 shares at $66.17 per share price.On May 23, 2016, Daniel S Glaser (President and CEO, MMC) sold 163,300 shares at $64.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Marsh and McLennan Companies Inc. is a professional services firm. The Company operates as two business segments: Risk and Insurance Services and Consulting. The Risk and Insurance Services segment provides risk management activities and insurance broking reinsurance broking and insurance program management services for businesses public entities insurance companies associations professional services organizations and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter. The Company conducts business in its Consulting segment through two main business groups: Mercer provides consulting expertise advice services and solutions in the areas of health retirement talent and investments and Oliver Wyman Group provides specialized management and economic and brand consulting services.

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