KBW Reiterates a Buy Rating on Marsh & Mclennan Companies

By Ryan Adsit

KBW analyst Meyer Shields reiterated a Buy rating on Marsh & Mclennan Companies (NYSE: MMC) today and set a price target of $75. The company’s shares opened today at $77.50, close to its 52-week high of $77.85.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 6.0% and a 75.5% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Infinity Property and Casualty, and American International Group.

Marsh & Mclennan Companies has an analyst consensus of Moderate Buy, with a price target consensus of $78.20.

Based on Marsh & Mclennan Companies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.5 billion and quarterly net profit of $569 million. In comparison, last year the company earned revenue of $3.33 billion and had a net profit of $481 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Last month, Laurie Ledford, the SVP & CHRO of MMC sold 184,305 shares for a total of $13,642,256.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Marsh & McLennan Cos., engages in the provision of advice and solutions in the areas of risk, strategy, and human capital. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment includes risk management activities, such as risk advice, risk transfer, risk control and mitigation solutions. The Consulting segment comprises of retirement, health, talent, and investments consulting and services. The company was founded by Henry W. Marsh and Donald R. McLennan in 1871 and is headquartered in New York, NY.