Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,175 shares of the financial services provider’s stock after purchasing an additional 214 shares during the period. Valeo Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,066,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. raised its position in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies during the 1st quarter worth $25,000. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $26,000. Headinvest LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $28,000. Finally, Cordant Inc. purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Morgan Stanley raised their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the company a “sector perform” rating in a report on Friday, June 28th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $211.47.

Marsh & McLennan Companies Trading Up 0.4 %

Shares of MMC traded up $0.91 during mid-day trading on Wednesday, hitting $212.90. The company had a trading volume of 725,291 shares, compared to its average volume of 1,692,573. The business’s 50-day simple moving average is $207.25 and its 200-day simple moving average is $201.51. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 1-year low of $183.81 and a 1-year high of $216.89. The stock has a market cap of $104.90 billion, a PE ratio of 26.85, a P/E/G ratio of 2.99 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $2.53 earnings per share. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.