13,333 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by G&S Capital LLC

G&S Capital LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,333 shares of the financial services provider’s stock, valued at approximately $2,746,000. Marsh & McLennan Companies makes up about 1.2% of G&S Capital LLC’s investment portfolio, making the stock its 24th largest holding.

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

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Paul Beswick sold 2,169 shares of the business’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 transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 sale, the director now directly owns 53,393 shares in the company, valued at approximately $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

A number of research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods lifted 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. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. TD Cowen upped their price objective 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. Finally, Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $210.27.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $210.79 on Thursday. The company’s fifty day moving average is $206.25 and its two-hundred day moving average is $200.98. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $103.86 billion, a P/E ratio of 26.75, a PEG ratio of 3.01 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a one year low of $182.42 and a one year high of $216.89.

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 analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

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.