Rise Advisors LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Rise Advisors LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 250 shares of the financial services provider’s stock, valued at approximately $52,000.

Several other institutional investors have also recently added to or reduced their stakes in MMC. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock worth $8,298,414,000 after purchasing an additional 180,128 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Marsh & McLennan Companies by 32.7% during the 4th 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 buying an additional 2,526,701 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock valued at $1,575,881,000 after acquiring an additional 31,821 shares during the last quarter. Morgan Stanley raised its position in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock valued at $1,169,403,000 after acquiring an additional 150,655 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Marsh & McLennan Companies by 4.8% during the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after purchasing an additional 271,408 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MMC. Evercore ISI increased their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Finally, TD Cowen raised their target price 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. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $210.27.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction 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 sale, the director now directly 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 is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.1 %

Marsh & McLennan Companies stock opened at $215.00 on Friday. The company’s 50-day moving average price is $205.24 and its two-hundred day moving average price is $200.53. The stock has a market cap of $105.93 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 3.02 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a 52 week low of $179.35 and a 52 week high of $215.26. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

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.