CX Institutional Raises Stock Position in Marsh & McLennan Companies, Inc. $MMC

CX Institutional raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,110 shares of the financial services provider’s stock after acquiring an additional 3,572 shares during the period. CX Institutional’s holdings in Marsh & McLennan Companies were worth $7,882,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares during the period. Bison Wealth LLC grew its stake in shares of Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Marsh & McLennan Companies by 32.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,650 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 1,370 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Marsh & McLennan Companies by 11.1% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 6,716 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 669 shares during the period. Finally, Great Lakes Advisors LLC boosted its holdings in Marsh & McLennan Companies by 10.7% during the first quarter. Great Lakes Advisors LLC now owns 2,418 shares of the financial services provider’s stock worth $590,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $182.92 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The firm has a market capitalization of $89.61 billion, a PE ratio of 21.93, a P/E/G ratio of 2.91 and a beta of 0.76. The business’s 50 day moving average price is $182.85 and its 200-day moving average price is $196.76.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the firm posted $1.63 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MMC has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. JPMorgan Chase & Co. dropped their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday. Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price for the company. Finally, TD Cowen cut their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $222.18.

Marsh & McLennan Companies Profile

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.