Red Door Wealth Management LLC Has $224,000 Position in Marsh & McLennan Companies, Inc. $MMC

Red Door Wealth Management LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 80.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,113 shares of the financial services provider’s stock after selling 4,543 shares during the period. Red Door Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $224,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bison Wealth LLC raised its position in shares of Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the period. Capital Analysts LLC lifted its holdings in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares in the last quarter. CW Advisors LLC grew its position in shares of Marsh & McLennan Companies by 42.4% in the 1st quarter. CW Advisors LLC now owns 12,370 shares of the financial services provider’s stock valued at $2,994,000 after purchasing an additional 3,682 shares during the period. Finally, Compound Planning Inc. increased its stake in Marsh & McLennan Companies by 15.7% during the 1st quarter. Compound Planning Inc. now owns 3,808 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 517 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.7%

NYSE:MMC opened at $184.48 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The firm has a market capitalization of $90.38 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 3.17 and a beta of 0.75. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average price is $184.25 and its two-hundred day moving average price is $199.66.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business earned $1.63 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MMC. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Evercore ISI cut their price objective on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. TD Cowen lowered their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price target for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and reduced their price objective for the stock from $209.00 to $191.00 in a research report on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $222.35.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Profile

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.