Wedmont Private Capital Buys 59 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wedmont Private Capital lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,816 shares of the financial services provider’s stock after buying an additional 59 shares during the quarter. Wedmont Private Capital’s holdings in Marsh & McLennan Companies were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Westover Capital Advisors LLC raised its position in shares of Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 53 shares in the last quarter. Evoke Wealth LLC raised its holdings in Marsh & McLennan Companies by 4.4% in the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 53 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Marsh & McLennan Companies by 3.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after buying an additional 56 shares in the last quarter. Baader Bank Aktiengesellschaft increased its stake in shares of Marsh & McLennan Companies by 1.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock worth $590,000 after acquiring an additional 56 shares in the last quarter. Finally, InterOcean Capital Group LLC lifted its position in Marsh & McLennan Companies by 2.3% during the 4th quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 56 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $214.40 on Friday. The firm has a market cap of $105.64 billion, a PE ratio of 27.21, a P/E/G ratio of 3.05 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a 1-year low of $180.91 and a 1-year high of $215.29. 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 fifty day simple moving average of $205.56 and a two-hundred day simple moving average of $200.65.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies 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 value of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MMC shares. Morgan Stanley raised their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Evercore ISI increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $210.27.

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.