Diversified Trust Co Sells 354 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Diversified Trust Co decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,369 shares of the financial services provider’s stock after selling 354 shares during the quarter. Diversified Trust Co’s holdings in Marsh & McLennan Companies were worth $3,372,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MMC. Valley National Advisers Inc. lifted its holdings in shares of 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 worth $25,000 after buying an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies in the 1st quarter worth about $25,000. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Headinvest LLC bought a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $28,000. Finally, Cordant Inc. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of NYSE MMC opened at $210.25 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $183.81 and a 1 year high of $216.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $103.59 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94. 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 issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. Marsh & McLennan Companies’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Insider Activity

In related news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the business’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 transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MMC shares. Evercore ISI lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the company a “sector perform” rating in a report on Friday. TD Cowen increased their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $211.47.

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.