Permanent Capital Management LP Takes $649,000 Position in Marsh & McLennan Companies, Inc. $MMC

Permanent Capital Management LP bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to its most recent filing with the SEC. The firm bought 3,220 shares of the financial services provider’s stock, valued at approximately $649,000.

A number of other hedge funds have also bought and sold shares of MMC. Activest Wealth Management grew its holdings in shares of Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after buying an additional 111 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth about $29,000. Westside Investment Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 109 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter worth about $32,000. Finally, Access Investment Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $39,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.3%

Marsh & McLennan Companies stock opened at $187.10 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $91.66 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.21 and a beta of 0.75. The business has a 50 day simple moving average of $183.04 and a 200-day simple moving average of $198.36. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00.

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

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’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 completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MMC has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. TD Cowen decreased their target price on shares of 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 initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target on the stock. Barclays raised 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, Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target for the company. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $222.35.

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.