Breakwater Capital Group Invests $296,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Breakwater Capital Group acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, HoldingsChannel reports. The firm acquired 1,438 shares of the financial services provider’s stock, valued at approximately $296,000.

Other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. grew its holdings in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at $25,000. Private Wealth Management Group LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $26,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $28,000. Finally, Cordant Inc. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the subject of several research reports. Morgan Stanley increased their target price on 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. Bank of America raised their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. UBS Group raised their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $210.00 to $228.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Two equities research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $211.47.

Insider Activity

In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $210.72 on Monday. The business’s fifty day simple moving average is $206.87 and its 200 day simple moving average is $201.20. The firm has a market capitalization of $103.83 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $182.96 and a 12 month high of $216.89. 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 released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period last year, the business posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Company 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.