Johnson & White Wealth Management LLC Makes New $320,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Johnson & White Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,515 shares of the financial services provider’s stock, valued at approximately $320,000.

A number of other institutional investors also recently bought and sold shares of the company. Unique Wealth LLC raised its stake in shares of Marsh & McLennan Companies by 8.2% in the 4th quarter. Unique Wealth LLC now owns 992 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 75 shares during the period. First Financial Corp IN purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $64,000. Pallas Capital Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 31.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,626 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 393 shares in the last quarter. Claro Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 8.5% in the fourth quarter. Claro Advisors LLC now owns 1,422 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 112 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Marsh & McLennan Companies by 1.5% in the fourth quarter. Wedmont Private Capital now owns 7,435 shares of the financial services provider’s stock valued at $1,555,000 after purchasing an additional 113 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI reiterated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $228.60.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Up 1.2 %

MMC stock opened at $211.64 on Tuesday. The company has a fifty day moving average price of $219.33 and a 200 day moving average price of $221.13. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. The company has a market cap of $103.94 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Profile

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.