Bank Pictet & Cie Europe AG Has $56.15 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

Bank Pictet & Cie Europe AG increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 278,615 shares of the financial services provider’s stock after acquiring an additional 58,414 shares during the quarter. Marsh & McLennan Companies comprises about 1.1% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 26th largest holding. Bank Pictet & Cie Europe AG’s holdings in Marsh & McLennan Companies were worth $56,149,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MMC. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Westside Investment Management Inc. raised its holdings in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 109 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $32,000. Access Investment Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth $39,000. Finally, Clean Yield Group raised its stake in Marsh & McLennan Companies by 114.4% in the second quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 103 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $185.59 on Friday. The business’s 50-day moving average price is $182.83 and its 200-day moving average price is $197.75. The firm has a market capitalization of $90.92 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 3.18 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MMC has been the subject of several analyst reports. Evercore ISI dropped their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Barclays raised Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $221.00 to $206.00 in a report on Thursday, November 20th. Bank of America reaffirmed an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. UBS Group lowered their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $209.00 to $191.00 in a report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $222.35.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.