Nomura Holdings Inc. Purchases Shares of 9,962 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Nomura Holdings Inc. acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,962 shares of the financial services provider’s stock, valued at approximately $1,888,000.

Several other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. grew its position in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 103 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth $26,000. Altshuler Shaham Ltd purchased a new stake in Marsh & McLennan Companies during the third quarter valued at about $27,000. Headinvest LLC bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $28,000. Finally, Cordant Inc. bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $28,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI raised their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $210.27.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $212.72 on Wednesday. The business’s fifty day moving average is $204.69 and its 200 day moving average is $200.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $104.81 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 3.00 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a twelve month low of $179.35 and a twelve month high of $213.21.

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

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

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 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.