Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by RDA Financial Network

RDA Financial Network grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,762 shares of the financial services provider’s stock after acquiring an additional 53 shares during the quarter. RDA Financial Network’s holdings in Marsh & McLennan Companies were worth $363,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MMC. Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $1,048,077,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Marsh & McLennan Companies by 32.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after acquiring an additional 2,526,701 shares in the last quarter. Impax Asset Management Group plc acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $261,787,000. Corient Private Wealth LLC increased its holdings in Marsh & McLennan Companies by 322.7% in the 4th quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock worth $144,232,000 after buying an additional 581,131 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its holdings in Marsh & McLennan Companies by 62.3% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,475,835 shares of the financial services provider’s stock worth $274,552,000 after buying an additional 566,675 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’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 completion of the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’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 completion of the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value 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 $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods increased 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. Wells Fargo & Company increased 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. Jefferies Financial Group upped their price objective 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, Evercore ISI upped their price objective 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $210.27.

Marsh & McLennan Companies Trading Down 0.2 %

Shares of NYSE:MMC opened at $213.94 on Monday. Marsh & McLennan Companies, Inc. has a 1 year low of $182.42 and a 1 year high of $215.29. The firm has a market capitalization of $105.41 billion, a price-to-earnings 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’s 50 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 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 firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the company earned $2.53 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast 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.