Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Marcum Wealth LLC

Marcum Wealth LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,268 shares of the financial services provider’s stock after purchasing an additional 102 shares during the period. Marcum Wealth LLC’s holdings in Marsh & McLennan Companies were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Valley National Advisers Inc. boosted its stake in shares of Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Headinvest LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at approximately $28,000. Cordant Inc. acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $28,000. Finally, Sachetta LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth $29,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 6,000 shares of the firm’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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Oscar Fanjul sold 6,000 shares of the business’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 transaction of $1,254,060.00. Following the completion of the sale, 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. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Bank of America raised their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Morgan Stanley upped their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Finally, UBS Group increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Two 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. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $210.27.

Marsh & McLennan Companies Price Performance

MMC stock opened at $214.40 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $180.91 and a 1 year high of $215.29. The firm has a market capitalization of $105.64 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $205.56 and a 200-day simple moving average of $200.68.

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

Marsh & McLennan Companies 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.