First Trust Direct Indexing L.P. Purchases 739 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

First Trust Direct Indexing L.P. lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,261 shares of the financial services provider’s stock after acquiring an additional 739 shares during the period. First Trust Direct Indexing L.P.’s holdings in Marsh & McLennan Companies were worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westover Capital Advisors LLC lifted its stake in Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 53 shares in the last quarter. Evoke Wealth LLC lifted its stake in Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 53 shares in the last quarter. RDA Financial Network lifted its stake in Marsh & McLennan Companies by 3.1% in the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 53 shares in the last quarter. Optas LLC lifted its stake in Marsh & McLennan Companies by 2.9% in the 1st quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 53 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Marsh & McLennan Companies by 3.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $212.90 on Friday. 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 company has a market capitalization of $104.90 billion, a P/E ratio of 27.02, a P/E/G ratio of 3.02 and a beta of 0.94. The company’s 50-day simple moving average is $207.72 and its two-hundred day simple moving average is $201.66. Marsh & McLennan Companies, Inc. has a one year low of $183.81 and a one year high of $216.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its 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 business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the company’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 value 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 approximately $11,159,670.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Oscar Fanjul sold 6,000 shares of the 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a report on Wednesday, April 17th. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Wells Fargo & Company boosted 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 report on Friday, April 19th. Finally, JPMorgan Chase & Co. boosted 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.