Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150 shares of the financial services provider’s stock after selling 50 shares during the period. Tradewinds Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $31,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $35,000. Main Line Retirement Advisors LLC increased its holdings in Marsh & McLennan Companies by 17.2% in the first quarter. Main Line Retirement Advisors LLC now owns 1,417 shares of the financial services provider’s stock valued at $292,000 after buying an additional 208 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Marsh & McLennan Companies by 19.7% in the first quarter. Hexagon Capital Partners LLC now owns 1,339 shares of the financial services provider’s stock valued at $276,000 after buying an additional 220 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in Marsh & McLennan Companies by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 13,613 shares of the financial services provider’s stock valued at $2,804,000 after buying an additional 198 shares during the last quarter. Finally, Breakwater Capital Group purchased a new position in Marsh & McLennan Companies in the first quarter valued at $296,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley increased their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Bank of America raised their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Keefe, Bruyette & Woods raised their price objective 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, Evercore ISI raised their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $211.47.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $212.90 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $104.90 billion, a P/E ratio of 27.02, a PEG ratio of 3.01 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. The company has a 50-day moving average price of $207.25 and a 200 day moving average price of $201.51.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion during 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 firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 earnings per share. Research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were 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 owns 13,030 shares in the company, valued at $2,737,993.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $1,254,060.00. Following the sale, the director now owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the business’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 sale, the senior vice president now directly 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 owned by insiders.

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.