Astoria Portfolio Advisors LLC. Purchases New Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Astoria Portfolio Advisors LLC. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,063 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Marsh & McLennan Companies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock valued at $8,298,414,000 after acquiring an additional 180,128 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after purchasing an additional 2,526,701 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after purchasing an additional 31,821 shares during the last quarter. Morgan Stanley boosted its stake in Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after purchasing an additional 150,655 shares during the last quarter. Finally, Norges Bank acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $1,048,077,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of NYSE:MMC opened at $210.72 on Friday. 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 firm has a market capitalization of $103.83 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93. The firm’s 50-day moving average is $206.87 and its two-hundred day moving average is $201.20. Marsh & McLennan Companies, Inc. has a 1 year low of $182.96 and a 1 year high of $216.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 earnings per share. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Analyst Ratings Changes

MMC has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Evercore ISI lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Piper Sandler lowered 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. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a report on Friday. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $211.47.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the company’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 value of $1,254,060.00. Following the completion of the transaction, 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. Corporate insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

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.