1,170 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Vicus Capital

Vicus Capital purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,170 shares of the financial services provider’s stock, valued at approximately $241,000.

Other large investors have also modified their holdings of the company. Parnassus Investments LLC boosted its position in shares of Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after buying an additional 11,459 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Marsh & McLennan Companies by 0.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after buying an additional 10,161 shares during the period. Veritas Investment Partners UK Ltd. boosted its position in shares of Marsh & McLennan Companies by 16.9% during the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock valued at $266,134,000 after buying an additional 203,017 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of Marsh & McLennan Companies by 5.5% in the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 75 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $3,465,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

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

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $210.72 on Friday. The business’s fifty day simple moving average is $206.87 and its 200-day simple moving average is $201.20. The company has a market cap of $103.83 billion, a PE ratio of 26.74, a PEG ratio of 2.99 and a beta of 0.93. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12-month low of $182.96 and a 12-month high of $216.89.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the firm earned $2.53 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on MMC shares. TD Cowen boosted 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. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Bank of America boosted their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $211.47.

Marsh & McLennan Companies Profile

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.