Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Marshall Financial Group LLC

Marshall Financial Group LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,428 shares of the financial services provider’s stock after acquiring an additional 435 shares during the quarter. Marshall Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $912,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MMC. Valley National Advisers Inc. boosted its stake in shares of Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $25,000. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $26,000. Headinvest LLC bought a new position in Marsh & McLennan Companies during the third quarter worth $28,000. Finally, Cordant Inc. bought a new position in Marsh & McLennan Companies during the fourth quarter worth $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $212.90 on Friday. The firm has a market capitalization of $104.90 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $183.81 and a one year high of $216.89. The stock’s fifty day moving average is $207.72 and its 200-day moving average is $201.66.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results 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 company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $2.53 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Insider Buying and Selling

In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies 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 directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on 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 transaction, 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.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research note on Wednesday, April 17th. Morgan Stanley raised their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Finally, Evercore ISI increased their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.