Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Lowered by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,610 shares of the financial services provider’s stock after selling 591 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $495,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MMC. Valley National Advisers Inc. increased its holdings 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 valued at $25,000 after buying an additional 103 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $26,000. Headinvest LLC purchased a new stake in Marsh & McLennan Companies during the third quarter valued at about $28,000. Cordant Inc. purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $28,000. Finally, Sachetta LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MMC shares. Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. TD Cowen lifted 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. Keefe, Bruyette & Woods raised their price target 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. Evercore ISI upped 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 note 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 price target on the stock. in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $210.27.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $214.40 on Monday. The company 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. Marsh & McLennan Companies, Inc. has a one year low of $180.91 and a one year high of $215.29. The company’s fifty day moving average price is $205.56 and its 200 day moving average price is $200.72.

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

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the firm’s 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 sale, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

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.