Financial Counselors Inc. Has $821,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Financial Counselors Inc. increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 3.8% in the first quarter, Holdings Channel reports. The firm owned 3,985 shares of the financial services provider’s stock after buying an additional 145 shares during the quarter. Financial Counselors Inc.’s holdings in Marsh & McLennan Companies were worth $821,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Marsh & McLennan Companies by 0.4% during the fourth 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 during the period. Price T Rowe Associates Inc. MD lifted its holdings in Marsh & McLennan Companies by 32.7% during the fourth 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 in the last quarter. Norges Bank bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $1,048,077,000. Parnassus Investments LLC lifted its holdings 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 acquiring an additional 11,459 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Marsh & McLennan Companies by 9.6% during the fourth quarter. UBS Group AG now owns 3,474,995 shares of the financial services provider’s stock worth $658,407,000 after acquiring an additional 305,440 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MMC. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a report on Wednesday, April 17th. Morgan Stanley boosted their price target 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. Evercore ISI boosted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Bank of America boosted their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $211.47.

Check Out Our Latest Analysis on MMC

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the 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 transaction, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 53,393 shares in the company, valued at approximately $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 firm’s stock in a transaction 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 transaction, the senior vice president now 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 corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $211.80 on Wednesday. The firm has a market cap of $104.36 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 3.04 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 0.97. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $216.89. The business’s 50 day moving average is $208.60 and its 200-day moving average is $202.41.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last announced its earnings results 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. 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

About Marsh & McLennan Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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