13,333 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by G&S Capital LLC

G&S Capital LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,333 shares of the financial services provider’s stock, valued at approximately $2,746,000. Marsh & McLennan Companies accounts for about 1.2% of G&S Capital LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMC. Valley National Advisers Inc. grew its position in Marsh & McLennan Companies by 343.3% in the fourth 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. Private Wealth Management Group LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $26,000. Headinvest LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $28,000. Cordant Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $28,000. Finally, Sachetta LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth about $29,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.7 %

NYSE MMC opened at $210.79 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $182.42 and a 1-year high of $216.89. The company has a market capitalization of $103.86 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.01 and a beta of 0.93. The stock’s 50 day moving average is $206.25 and its two-hundred day moving average is $200.98. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the prior year, the business posted $2.53 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the firm’s 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 completion of the sale, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the business’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 completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MMC shares. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. TD Cowen upped their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Finally, Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $210.27.

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.