Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,141 shares of the financial services provider’s stock after purchasing an additional 128 shares during the period. Richard P Slaughter Associates Inc’s holdings in Marsh & McLennan Companies were worth $242,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Fortitude Family Office LLC raised its position in Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 45 shares during the last quarter. Kingfisher Capital LLC increased its holdings in shares of Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 47 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in Marsh & McLennan Companies by 2.3% during the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after buying an additional 49 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 52 shares during the period. Finally, BSW Wealth Partners increased its position in shares of Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.0 %

Shares of Marsh & McLennan Companies stock opened at $213.53 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $219.17 and a 200-day simple moving average of $221.15. The firm has a market cap of $104.87 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the company posted $1.57 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America increased their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $228.60.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.