Massmutual Trust Co. FSB ADV Buys 840 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Massmutual Trust Co. FSB ADV boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 46.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,648 shares of the financial services provider’s stock after purchasing an additional 840 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Marsh & McLennan Companies were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MMC. Dark Forest Capital Management LP purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $796,000. LPL Financial LLC increased its stake in shares of Marsh & McLennan Companies by 13.4% during the third quarter. LPL Financial LLC now owns 202,038 shares of the financial services provider’s stock valued at $38,424,000 after buying an additional 23,916 shares during the period. Mariner LLC increased its stake in shares of Marsh & McLennan Companies by 2.3% during the third quarter. Mariner LLC now owns 409,301 shares of the financial services provider’s stock valued at $77,890,000 after buying an additional 9,076 shares during the period. Northern Trust Corp increased its stake in shares of Marsh & McLennan Companies by 4.8% during the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock valued at $1,137,960,000 after buying an additional 271,408 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Marsh & McLennan Companies by 60.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 28,562 shares of the financial services provider’s stock valued at $5,435,000 after buying an additional 10,754 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MMC. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. UBS Group boosted their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Evercore ISI upped 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $210.27.

Read Our Latest Stock Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $0.11 during mid-day trading on Thursday, reaching $212.61. 62,303 shares of the stock traded hands, compared to its average volume of 1,633,909. The stock has a market capitalization of $104.76 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 12-month low of $179.35 and a 12-month high of $213.21. The business’s 50-day moving average is $204.92 and its 200-day moving average is $200.43.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.53 earnings per share. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Profile

(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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