Hexagon Capital Partners LLC Raises Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hexagon Capital Partners LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,339 shares of the financial services provider’s stock after acquiring an additional 220 shares during the period. Hexagon Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $276,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Valley National Advisers Inc. raised its holdings in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies in the 1st quarter worth about $25,000. Private Wealth Management Group LLC bought a new position in Marsh & McLennan Companies during the 4th quarter valued at about $26,000. Headinvest LLC bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth approximately $28,000. Finally, Cordant Inc. purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors 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 stock in a transaction 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 completion of the transaction, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the firm’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 sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MMC shares. Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Morgan Stanley boosted 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 research report on Monday, April 15th. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. TD Cowen raised their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $211.47.

Marsh & McLennan Companies Stock Performance

MMC opened at $210.25 on Tuesday. 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 stock has a market capitalization of $103.59 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.99 and a beta of 0.94. The company has a fifty day moving average of $206.87 and a 200 day moving average of $201.20. Marsh & McLennan Companies, Inc. has a fifty-two week low of $183.81 and a fifty-two week 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, topping the consensus estimate of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 earnings per share. As a group, sell-side 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.