Banque Pictet & Cie SA Purchases 73,091 Shares of Marsh & McLennan Companies, Inc. $MMC

Banque Pictet & Cie SA lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,059 shares of the financial services provider’s stock after acquiring an additional 73,091 shares during the period. Banque Pictet & Cie SA owned approximately 0.06% of Marsh & McLennan Companies worth $60,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter worth $29,000. Westside Investment Management Inc. increased its holdings in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies in the 2nd quarter worth about $32,000. Access Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $39,000. Finally, Clean Yield Group grew its stake in shares of Marsh & McLennan Companies by 114.4% in the second quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $185.59 on Friday. The business has a 50-day simple moving average of $182.83 and a two-hundred day simple moving average of $197.75. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The stock has a market cap of $90.92 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 3.18 and a beta of 0.76.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share 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 return on equity of 31.79% and a net margin of 15.60%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Analyst Upgrades and Downgrades

MMC has been the topic of several research reports. Bank of America restated an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $209.00 to $191.00 in a research note on Friday, October 17th. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $200.00 to $195.00 in a research report on Monday, October 20th. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $248.00 to $242.00 in a research report on Thursday, October 9th. Finally, Wolfe Research began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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 stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value 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 this hyperlink. 0.35% of the stock is currently owned by 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.