Sumitomo Mitsui Trust Holdings Inc. Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,035 shares of the financial services provider’s stock after selling 15,542 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of Marsh & McLennan Companies worth $256,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock worth $8,298,414,000 after purchasing an additional 180,128 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after acquiring an additional 2,526,701 shares during the period. Morgan Stanley boosted its position in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock valued at $1,169,403,000 after acquiring an additional 150,655 shares during the last quarter. Norges Bank purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $1,048,077,000. Finally, Parnassus Investments LLC raised its stake in Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after purchasing an additional 11,459 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.4 %

Marsh & McLennan Companies stock opened at $212.90 on Thursday. The stock has a market cap of $104.90 billion, a PE ratio of 27.02, a P/E/G ratio of 3.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average is $207.25 and its two-hundred day moving average is $201.51. Marsh & McLennan Companies, Inc. has a 1-year low of $183.81 and a 1-year high of $216.89.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Analysts Set New Price Targets

MMC has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target 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. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods increased 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. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $211.47.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated 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 owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $11,159,670.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the company’s 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 sale, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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.