Marsh & McLennan Companies, Inc. $MMC Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 26.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,467 shares of the financial services provider’s stock after selling 25,245 shares during the period. Commonwealth Equity Services LLC’s holdings in Marsh & McLennan Companies were worth $14,000,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares during the period. Bison Wealth LLC increased its position in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Marsh & McLennan Companies by 32.0% during the first quarter. Jones Financial Companies Lllp now owns 5,650 shares of the financial services provider’s stock worth $1,379,000 after buying an additional 1,370 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Marsh & McLennan Companies by 16.4% during the 1st quarter. Empowered Funds LLC now owns 12,994 shares of the financial services provider’s stock worth $3,171,000 after purchasing an additional 1,830 shares during the period. Finally, Focus Partners Wealth increased its stake in Marsh & McLennan Companies by 2.9% in the first quarter. Focus Partners Wealth now owns 29,138 shares of the financial services provider’s stock valued at $7,111,000 after purchasing an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies 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 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 approximately $15,977,231.82. This represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.5%

Marsh & McLennan Companies stock opened at $185.94 on Friday. The firm has a 50-day moving average price of $183.18 and a two-hundred day moving average price of $196.30. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. The firm has a market capitalization of $91.09 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.92 and a beta of 0.76. 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 (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, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.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 business posted $1.63 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Morgan Stanley dropped their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. TD Cowen dropped their price objective 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. Finally, Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $222.41.

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.