BofA Securities analyst Joshua Shanker maintains $Marsh & McLennan (MMC.US)$ with a hold rating, and adjusts the target price from $233 to $250.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 11.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marsh & McLennan (MMC.US)$'s main analysts recently are as follows:
Insurance brokers maintain a generally positive outlook concerning their 2024 organic growth prospects. Large-cap broker organic growth is anticipated to stay above average in the third quarter. Nevertheless, it is projected that the sector's inherent growth will decelerate towards long-term norms over the years 2025 to 2026. These outlook adjustments within the industry take into account occurrences throughout the quarter as well as a widespread expansion in market price-to-earnings multiples.
Q3 outcomes, especially for reinsurers, might be influenced by Hurricane Milton's recent occurrence. The focus, however, is drawn toward Personal, which is anticipated to show enhanced margins and growing policies-in-force. For the third quarter, catastrophe losses are expected to remain under the five-year seasonal norm, albeit significantly higher than those in the same quarter of the previous year, which might imply challenges for primary insurers.
Note:
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