Marsh & McLennan Companies, Inc. $MMC Holdings Boosted by Founders Financial Securities LLC

Founders Financial Securities LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 174.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,146 shares of the financial services provider’s stock after purchasing an additional 6,451 shares during the quarter. Founders Financial Securities LLC’s holdings in Marsh & McLennan Companies were worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MMC. James Hambro & Partners LLP increased its holdings in shares of Marsh & McLennan Companies by 69.9% in the 3rd quarter. James Hambro & Partners LLP now owns 3,953 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 1,627 shares during the period. Hanson & Doremus Investment Management increased its stake in shares of Marsh & McLennan Companies by 31.3% in the third quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 51 shares during the period. Swedbank AB raised its holdings in shares of Marsh & McLennan Companies by 21.9% during the third quarter. Swedbank AB now owns 1,093,014 shares of the financial services provider’s stock valued at $220,275,000 after buying an additional 196,355 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Marsh & McLennan Companies by 14.6% during the third quarter. OLD National Bancorp IN now owns 1,585 shares of the financial services provider’s stock worth $319,000 after buying an additional 202 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Marsh & McLennan Companies by 54.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,653 shares of the financial services provider’s stock worth $1,341,000 after buying an additional 2,354 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

MMC has been the subject of a number of analyst reports. TD Cowen reduced their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Mizuho assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price objective for the company. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating on the stock. Barclays upgraded shares of Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $221.00 to $206.00 in a report on Thursday, November 20th. Finally, UBS Group dropped their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $222.35.

Marsh & McLennan Companies Stock Up 0.5%

NYSE MMC opened at $186.77 on Thursday. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The company has a market capitalization of $91.50 billion, a P/E ratio of 22.39, a PEG ratio of 3.19 and a beta of 0.75. The company’s 50 day simple moving average is $183.09 and its 200 day simple moving average is $198.96. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Company 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.