Park Place Capital Corp Sells 89 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Park Place Capital Corp lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,633 shares of the financial services provider’s stock after selling 89 shares during the period. Park Place Capital Corp’s holdings in Marsh & McLennan Companies were worth $336,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 1.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 13,613 shares of the financial services provider’s stock valued at $2,804,000 after purchasing an additional 198 shares during the last quarter. Breakwater Capital Group acquired a new position in Marsh & McLennan Companies during the first quarter worth approximately $296,000. Optas LLC raised its position in shares of Marsh & McLennan Companies by 2.9% in the first 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 during the period. Dumont & Blake Investment Advisors LLC lifted its holdings in Marsh & McLennan Companies by 0.7% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 9,855 shares of the financial services provider’s stock worth $2,030,000 after purchasing an additional 68 shares during the last quarter. Finally, Trilogy Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $280,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.2 %

Shares of Marsh & McLennan Companies stock opened at $210.25 on Tuesday. The firm 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. The business has a 50-day moving average price of $206.87 and a 200-day moving average price of $201.20. Marsh & McLennan Companies, Inc. has a twelve month low of $183.81 and a twelve month high of $216.89. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate 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 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 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

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 sale, 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 Securities & Exchange Commission, which is available through this link. In other news, Director Oscar Fanjul sold 6,000 shares of the business’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 value of $1,254,060.00. Following the completion of the sale, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated 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 sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MMC shares. Evercore ISI upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a report on Friday. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Finally, Bank of America raised their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $211.47.

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.