Graypoint LLC Sells 177 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Graypoint LLC cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,540 shares of the financial services provider’s stock after selling 177 shares during the period. Graypoint LLC’s holdings in Marsh & McLennan Companies were worth $752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Marsh & McLennan Companies by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,943 shares of the financial services provider’s stock worth $10,919,000 after buying an additional 300 shares in the last quarter. ORG Partners LLC increased its holdings in Marsh & McLennan Companies by 25.1% in the 4th quarter. ORG Partners LLC now owns 1,707 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 343 shares in the last quarter. Douglas Lane & Associates LLC grew its position in shares of Marsh & McLennan Companies by 45.6% in the 4th quarter. Douglas Lane & Associates LLC now owns 7,005 shares of the financial services provider’s stock valued at $1,488,000 after buying an additional 2,194 shares during the last quarter. Northcape Capital Pty Ltd grew its position in shares of Marsh & McLennan Companies by 15.7% in the 4th quarter. Northcape Capital Pty Ltd now owns 10,648 shares of the financial services provider’s stock valued at $2,262,000 after buying an additional 1,447 shares during the last quarter. Finally, Diversified Trust Co grew its position in shares of Marsh & McLennan Companies by 0.4% in the 4th quarter. Diversified Trust Co now owns 25,669 shares of the financial services provider’s stock valued at $5,452,000 after buying an additional 114 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the topic of several research analyst reports. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Bank of America increased their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $209.33 on Friday. The firm has a market capitalization of $102.81 billion, a P/E ratio of 25.78, a PEG ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The business has a fifty day moving average price of $219.53 and a 200-day moving average price of $220.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.