Marsh & McLennan Companies, Inc. $MMC Holdings Increased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% in the third quarter, HoldingsChannel.com reports. The fund owned 439,022 shares of the financial services provider’s stock after purchasing an additional 12,399 shares during the period. Marsh & McLennan Companies accounts for about 3.7% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Birch Hill Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $88,476,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MMC. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at $29,000. Westside Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 109 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the second quarter valued at approximately $32,000. TruNorth Capital Management LLC bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at $32,000. Finally, Access Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $39,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Down 1.4%

Shares of NYSE:MMC opened at $182.92 on Thursday. The business’s 50-day moving average is $182.85 and its 200 day moving average is $196.76. The firm has a market capitalization of $89.61 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.91 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. 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 (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the previous year, the business posted $1.63 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

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 transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. TD Cowen reduced their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. reduced their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $222.18.

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.