Miracle Mile Advisors LLC Buys 198 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Miracle Mile Advisors LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,613 shares of the financial services provider’s stock after acquiring an additional 198 shares during the period. Miracle Mile Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Westover Capital Advisors LLC raised its position in shares of Marsh & McLennan Companies by 3.0% during the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 53 shares during the last quarter. Evoke Wealth LLC increased its position 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 buying an additional 53 shares in the last quarter. RDA Financial Network increased its position 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 buying an additional 53 shares in the last quarter. Optas LLC increased its position 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 buying an additional 53 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Marsh & McLennan Companies by 3.2% in 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 buying an additional 56 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the 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 transaction, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MMC shares. Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the company a “sector perform” rating in a research report on Friday. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods upped their target price 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. Wells Fargo & Company upped 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. Finally, Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $211.47.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of MMC stock 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 firm’s 50-day moving average is $206.87 and its 200-day moving average is $201.20. The stock has a market cap of $103.59 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.99 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52-week low of $183.81 and a 52-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, beating analysts’ consensus estimates of $2.80 by $0.09. The company 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%. Marsh & McLennan Companies’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 EPS. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

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.