Norway Savings Bank Purchases 350 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Norway Savings Bank increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,166 shares of the financial services provider’s stock after acquiring an additional 350 shares during the quarter. Norway Savings Bank’s holdings in Marsh & McLennan Companies were worth $1,270,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MMC. Vanguard Group Inc. grew its position in shares of Marsh & McLennan Companies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock worth $8,298,414,000 after buying an additional 180,128 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after acquiring an additional 2,526,701 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock valued at $1,575,881,000 after purchasing an additional 31,821 shares during the period. Morgan Stanley boosted its position in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after purchasing an additional 150,655 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $1,048,077,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.1 %

MMC opened at $210.76 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a twelve month low of $182.96 and a twelve month high of $216.89. The stock has a market capitalization of $103.85 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.99 and a beta of 0.93. The company has a 50-day simple moving average of $206.87 and a 200 day simple moving average of $201.20.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results 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 net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the business posted $2.53 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MMC shares. Morgan Stanley increased their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research report on Friday. TD Cowen lifted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods raised 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. Two equities 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, the company currently has a consensus rating of “Hold” and an average price target of $211.47.

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.