Baker Tilly Wealth Management LLC Buys Shares of 2,758 Marsh & McLennan Companies, Inc. $MMC

Baker Tilly Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,758 shares of the financial services provider’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McAdam LLC increased its holdings in shares of Marsh & McLennan Companies by 1.2% in the first quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 47 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Marsh & McLennan Companies by 5.9% during the 2nd quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 47 shares in the last quarter. TFR Capital LLC. increased its holdings in Marsh & McLennan Companies by 2.7% in the 2nd quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock valued at $406,000 after buying an additional 48 shares during the period. Ignite Planners LLC raised its position in Marsh & McLennan Companies by 3.5% during the second quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 49 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC lifted its position in shares of Marsh & McLennan Companies by 0.7% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock worth $1,619,000 after buying an additional 50 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of a number of research reports. Bank of America reaffirmed an “underperform” rating and set a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Mizuho initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday. They set an “outperform” rating and a $212.00 target price for the company. Royal Bank Of Canada assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective on the stock. Barclays raised shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $221.00 to $206.00 in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $248.00 to $242.00 in a report on Thursday, October 9th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $222.35.

Marsh & McLennan Companies Stock Down 0.7%

Marsh & McLennan Companies stock opened at $184.48 on Friday. The firm has a 50 day moving average price of $184.25 and a 200-day moving average price of $200.13. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The company has a market capitalization of $90.38 billion, a P/E ratio of 22.12, a P/E/G ratio of 3.19 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.