Oscar Fanjul Sells 6,000 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock

Marsh & McLennan Companies, Inc. (NYSE:MMC) Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Marsh & McLennan Companies Trading Up 0.6 %

NYSE:MMC opened at $212.72 on Wednesday. The company’s 50 day moving average price is $204.69 and its 200-day moving average price is $200.35. Marsh & McLennan Companies, Inc. has a 52 week low of $179.35 and a 52 week high of $213.21. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $104.81 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.96 and a beta of 0.93.

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

Wall Street Analysts Forecast Growth

MMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Bank of America boosted their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $210.27.

Institutional Investors Weigh In On Marsh & McLennan Companies

Institutional investors have recently made changes to their positions in the company. Valley National Advisers Inc. lifted its position in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 103 shares during the period. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Private Wealth Management Group LLC bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies during the third quarter valued at approximately $27,000. Finally, Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

About Marsh & McLennan Companies

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.