CHURCHILL MANAGEMENT Corp Sells 157 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

CHURCHILL MANAGEMENT Corp trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,625 shares of the financial services provider’s stock after selling 157 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Marsh & McLennan Companies were worth $6,720,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MMC. Treasurer of the State of North Carolina raised its holdings in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after purchasing an additional 830 shares during the last quarter. Parnassus Investments LLC raised its holdings in Marsh & McLennan Companies by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after purchasing an additional 11,459 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Marsh & McLennan Companies by 0.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after purchasing an additional 10,161 shares during the last quarter. Veritas Investment Partners UK Ltd. raised its holdings in Marsh & McLennan Companies by 16.9% during the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock worth $266,134,000 after purchasing an additional 203,017 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Marsh & McLennan Companies by 5.5% during the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 75 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.3 %

NYSE:MMC opened at $214.40 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $180.91 and a twelve month high of $215.29. 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 business has a 50 day moving average price of $205.56 and a two-hundred day moving average price of $200.68. The company has a market cap of $105.64 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share 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 firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the firm posted $2.53 EPS. The business’s revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MMC. TD Cowen boosted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Evercore ISI boosted their target price 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. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday, April 17th. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Morgan Stanley boosted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $210.27.

Insider Transactions at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was 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 approximately $2,737,993.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of the 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 owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction 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 sale, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

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.