1,000 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. raised its position in shares of 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 acquiring an additional 103 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $27,000. Headinvest LLC purchased a new stake in Marsh & McLennan Companies in the third quarter valued at $28,000. Finally, Cordant Inc. acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $28,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Up 1.1 %

Shares of MMC opened at $215.00 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $179.35 and a twelve month high of $215.26. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $105.93 billion, a P/E ratio of 27.28, a PEG ratio of 3.02 and a beta of 0.93. The firm’s 50-day moving average is $205.24 and its two-hundred day moving average is $200.53.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data 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. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Morgan Stanley upped their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. Two 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. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $210.27.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies 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.