Breakwater Capital Group Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Breakwater Capital Group acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,438 shares of the financial services provider’s stock, valued at approximately $296,000.

Other large investors also recently bought and sold shares of the company. Westover Capital Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 53 shares in the last quarter. Evoke Wealth LLC increased its holdings in shares of Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 53 shares in the last quarter. RDA Financial Network increased its holdings in shares of Marsh & McLennan Companies by 3.1% in the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 53 shares in the last quarter. Optas LLC increased its holdings in shares of Marsh & McLennan Companies by 2.9% in the 1st quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 53 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Marsh & McLennan Companies by 3.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following 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 SEC, which is available at this link. In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MMC opened at $210.72 on Monday. The company’s 50 day simple moving average is $206.87 and its 200 day simple moving average is $201.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $182.96 and a 1 year high of $216.89. The stock has a market capitalization of $103.83 billion, a PE ratio of 26.74, a P/E/G ratio of 2.99 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion for 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 company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $2.53 earnings per share. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Analyst Upgrades and Downgrades

MMC has been the subject of several recent research reports. Evercore ISI raised their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Morgan Stanley raised their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Bank of America raised their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, 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 research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $211.47.

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.