Ashton Thomas Private Wealth LLC Has $642,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ashton Thomas Private Wealth LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,116 shares of the financial services provider’s stock after purchasing an additional 290 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Marsh & McLennan Companies were worth $642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Westover Capital Advisors LLC boosted its holdings in Marsh & McLennan Companies by 3.0% during the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 53 shares during the period. Evoke Wealth LLC increased its position in Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after buying an additional 53 shares during the period. RDA Financial Network lifted its holdings in shares of Marsh & McLennan Companies by 3.1% during the first quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after buying an additional 53 shares during the last quarter. Optas LLC boosted its position in shares of Marsh & McLennan Companies by 2.9% in the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 53 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 56 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $213.92 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $183.81 and a 12-month high of $216.89. The stock has a 50-day simple moving average of $208.04 and a 200 day simple moving average of $201.83. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $105.40 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 3.02 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $211.47.

Get Our Latest Stock Report on MMC

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were 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 of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were 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 approximately $11,159,670.93. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

About Marsh & McLennan Companies

(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.

See Also

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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