CCLA Investment Management Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

CCLA Investment Management grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 548,546 shares of the financial services provider’s stock after purchasing an additional 52,219 shares during the quarter. Marsh & McLennan Companies accounts for 1.8% of CCLA Investment Management’s holdings, making the stock its 27th largest position. CCLA Investment Management’s holdings in Marsh & McLennan Companies were worth $116,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMC. Dimensional Fund Advisors LP increased its stake in Marsh & McLennan Companies by 10.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,978,875 shares of the financial services provider’s stock worth $416,994,000 after acquiring an additional 190,371 shares during the last quarter. Citizens Financial Group Inc. RI raised its stake in Marsh & McLennan Companies by 17.6% during the second quarter. Citizens Financial Group Inc. RI now owns 7,494 shares of the financial services provider’s stock valued at $1,579,000 after purchasing an additional 1,123 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Marsh & McLennan Companies by 21.3% in the 2nd quarter. Renaissance Technologies LLC now owns 339,600 shares of the financial services provider’s stock worth $71,561,000 after buying an additional 59,581 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $2,653,000. Finally, SYSTM Wealth Solutions LLC raised its position in shares of Marsh & McLennan Companies by 4.8% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 33,585 shares of the financial services provider’s stock valued at $7,077,000 after buying an additional 1,531 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.0 %

MMC opened at $213.53 on Wednesday. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50. The company has a market capitalization of $104.87 billion, a P/E ratio of 26.30, a PEG ratio of 2.59 and a beta of 0.96. The stock’s fifty day moving average is $219.17 and its two-hundred day moving average is $221.15. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion during 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 firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Analysts Set New Price Targets

MMC has been the topic of several analyst reports. BMO Capital Markets boosted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Roth Mkm raised their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.60.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.35% 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.