Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,435 shares of the financial services provider’s stock after purchasing an additional 113 shares during the period. Wedmont Private Capital’s holdings in Marsh & McLennan Companies were worth $1,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Allocation & Management Company LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at $361,000. Trust Co. of Toledo NA OH increased its stake in shares of Marsh & McLennan Companies by 7.4% in the 4th quarter. Trust Co. of Toledo NA OH now owns 4,487 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 309 shares in the last quarter. Matrix Trust Co raised its holdings in Marsh & McLennan Companies by 2.2% in the 4th quarter. Matrix Trust Co now owns 7,561 shares of the financial services provider’s stock worth $1,606,000 after purchasing an additional 162 shares during the period. Aprio Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 24.1% in the fourth quarter. Aprio Wealth Management LLC now owns 2,346 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 456 shares during the period. Finally, Czech National Bank increased its position in shares of Marsh & McLennan Companies by 6.3% in the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after buying an additional 6,310 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.2 %

Shares of NYSE MMC opened at $211.64 on Tuesday. The company has a market capitalization of $103.94 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50 day simple moving average of $219.33 and a 200-day simple moving average of $221.13. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on MMC. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday. Barclays upped their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, UBS Group raised their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $228.60.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Profile

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.