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

Miracle Mile Advisors LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% during the 1st quarter, Holdings Channel reports. The firm owned 13,613 shares of the financial services provider’s stock after buying 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 quarter.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. grew its stake in shares of Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $25,000. Private Wealth Management Group LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $26,000. Headinvest LLC bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $28,000. Finally, Cordant Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $28,000. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies 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 completion of the sale, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’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 directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $210.25 on Tuesday. Marsh & McLennan Companies, Inc. has a twelve month low of $183.81 and a twelve month high of $216.89. The firm has a market cap of $103.59 billion, a P/E ratio of 26.68, a PEG ratio of 2.99 and a beta of 0.94. The company has a 50 day moving average of $206.87 and a 200 day moving average of $201.20. 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 announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the business earned $2.53 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on MMC. UBS Group lifted their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. TD Cowen lifted their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Morgan Stanley lifted their price objective on 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. Evercore ISI lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Bank of America lifted their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $211.47.

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.