Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul Sells 6,000 Shares

Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul sold 6,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $211.57 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $179.35 and a 12 month high of $212.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $104.24 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.96 and a beta of 0.93. The business’s 50-day moving average price is $204.52 and its 200-day moving average price is $200.24.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period last year, the company earned $2.53 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Evercore ISI raised their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. UBS Group raised their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, TD Cowen raised their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $210.27.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $1,048,077,000. Price T Rowe Associates Inc. MD increased its holdings in Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after purchasing an additional 2,526,701 shares in the last quarter. Impax Asset Management Group plc bought a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $261,787,000. Jennison Associates LLC increased its holdings in Marsh & McLennan Companies by 229.6% in the first quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after purchasing an additional 649,505 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Marsh & McLennan Companies by 322.7% in the fourth quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock worth $144,232,000 after purchasing an additional 581,131 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Company Profile

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.