Pacer Advisors Inc. Decreases Position in Marsh & McLennan Companies, Inc. $MMC

Pacer Advisors Inc. decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,595 shares of the financial services provider’s stock after selling 7,477 shares during the quarter. Pacer Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $7,980,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the business’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.3%

NYSE:MMC opened at $187.10 on Monday. The company’s 50-day simple moving average is $183.04 and its 200-day simple moving average is $198.36. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The stock has a market capitalization of $91.66 billion, a P/E ratio of 22.43, a P/E/G ratio of 3.21 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on MMC. Bank of America reaffirmed an “underperform” rating and issued a $181.00 price target (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price on the stock. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price target for the company from $200.00 to $195.00 in a report on Monday, October 20th. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, UBS Group dropped their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. 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. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $222.35.

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.