GLOBALT Investments LLC GA bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report ) during the fourth quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,040 shares of the financial services provider’s stock for approximately $387,000.
A number of other hedge funds also recently modified their holdings in MMC. Kestra Advisory Services LLC increased its holdings in Marsh & McLennan Companies by 50.8% in the third quarter. Kestra Advisory Services LLC now holds 20,773 shares of the financial services provider’s stock valued at $3,953,000 after purchasing an additional 6,994 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new holding in Marsh & McLennan Companies for $6,363,000 in the third quarter. Envestnet Asset Management Inc. increased its holdings in Marsh & McLennan Companies by 24.1% in the third quarter. Envestnet Asset Management Inc. now holds 1,211,704 shares of the financial services provider’s stock valued at $230,587,000 after acquiring an additional 235,502 shares in the period. Nordea Investment Management AB increased its stake in Marsh & McLennan Companies by 7.6% during the third quarter. Nordea Investment Management AB acquired an additional 70,443 shares during the period and now owns 996,963 shares of the financial services provider’s stock, valued at $191,566,000. Finally, Mirabella Financial Services LLP increased its stake in Marsh & McLennan Companies by 5.6% during the third quarter. Mirabella Financial Services LLP acquired an additional 199 shares during the period and now owns 3,779 shares of the financial services provider’s stock, valued at $719,000. 87.99% of the stock is owned by institutional investors and hedge funds.
Insiders bet
In other Marsh McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction value of $455,771.97. Following the completion of the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Company insiders now own 0.30% of the company’s stock.
Marsh & McLennan Companies Stock Performance
Marsh McLennan Companies shares opened trading at $208.88 on Friday. Marsh McLennan Companies’ one-year low is $178.18 and the one-year high is $211.53. The company’s market cap is $102.92 billion, its price-to-earnings ratio is 26.51, its PEG ratio is 2.97 and its beta is 0.93. The company’s 50-day simple moving average is $204.38 and its 200-day simple moving average is $200.13. The company’s debt-to-equity ratio is 0.97, its current ratio is 1.14 and its quick ratio is 1.14.
Marsh & McLennan Companies (NYSE:MMC – get free report ) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported quarterly EPS of $2.89, beating analysts’ consensus estimates of $2.80 by $0.09. The company’s quarterly revenue was $6.50 billion, beating analysts’ estimates of $6.38 billion. Marsh & McLennan Companies had return on equity of 34.14%, and net margin of 16.84%. The company’s quarterly revenue grew 9.7% year-over-year. EPS during the same period last year was $2.53. Research analysts on average expect Marsh & McLennan Companies to post EPS of $8.68 for the current fiscal year.
Wall Street analysts predict growth
MMC has been the topic of discussion in recent analyst reports. Bank of America increased their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. UBS Group increased their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. TD Cowen increased their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. 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. Finally, Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, and four have given a buy rating. Based on MarketBeat data, the stock currently has a consensus rating of “hold” and a consensus price target of $210.27.
Read the latest research report from Marsh & McLennan Companies
Marsh & McLennan Companies Company Profile
(Free report)
Marsh & McLennan Companies, Inc. is a professional services firm providing advice and solutions to clients in the areas of risk, strategy and human resources worldwide. The company operates through its Risk & Insurance Services and Consulting divisions. The Risk & Insurance Services division provides risk management services, including risk advice, risk transfer, risk management and mitigation solutions, as well as insurance and reinsurance brokerage, strategic advisory services, analytical solutions and insurance program management services.
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