Versant Capital Management Inc Raises Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Versant Capital Management Inc raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 37.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 743 shares of the financial services provider’s stock after purchasing an additional 202 shares during the period. Versant Capital Management Inc’s holdings in Marsh & McLennan Companies were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MMC. FMR LLC lifted its stake in shares of Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares during the period. Geode Capital Management LLC lifted its stake in shares of Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares during the period. Legal & General Group Plc boosted its holdings in shares of Marsh & McLennan Companies by 5.2% during the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after purchasing an additional 223,257 shares during the last quarter. Parnassus Investments LLC increased its stake in Marsh & McLennan Companies by 2.0% in the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after purchasing an additional 85,754 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $211.27 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The company has a market capitalization of $103.76 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $220.77 and a 200-day simple moving average of $221.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MMC has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Bank of America boosted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $228.47.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.