CX Institutional Buys 3,572 Shares of Marsh & McLennan Companies, Inc. $MMC

CX Institutional grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,110 shares of the financial services provider’s stock after acquiring an additional 3,572 shares during the period. CX Institutional’s holdings in Marsh & McLennan Companies were worth $7,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in Marsh & McLennan Companies by 225.1% during the 2nd quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after acquiring an additional 727,714 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after purchasing an additional 837,117 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Marsh & McLennan Companies by 18.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock valued at $47,692,000 after buying an additional 34,400 shares during the period. Valeo Financial Advisors LLC raised its stake in Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after buying an additional 2,623,745 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in Marsh & McLennan Companies by 48.6% during the 2nd quarter. Shell Asset Management Co. now owns 8,577 shares of the financial services provider’s stock valued at $1,875,000 after acquiring an additional 2,806 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the subject of a number of analyst reports. Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective for the company. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Bank of America restated an “underperform” rating and issued a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, 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. Eight 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 company currently has a consensus rating of “Hold” and an average target price of $222.18.

Marsh & McLennan Companies Trading Down 1.4%

Shares of Marsh & McLennan Companies stock opened at $182.92 on Thursday. The firm’s 50 day simple moving average is $182.85 and its two-hundred day simple moving average is $196.76. The firm has a market capitalization of $89.61 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.91 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last announced 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 analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. This trade 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 through the SEC website. 0.35% of the stock is currently owned by insiders.

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.