Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 871,285 shares of the financial services provider’s stock after selling 95,400 shares during the quarter. Nordea Investment Management AB’s holdings in Marsh & McLennan Companies were worth $184,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Carmichael Hill & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies in the third quarter worth $31,000. Capital Performance Advisors LLP bought a new stake in Marsh & McLennan Companies in the third quarter valued at $41,000. Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies during the third quarter worth about $46,000. Finally, Sachetta LLC increased its holdings in shares of Marsh & McLennan Companies by 36.4% in the 2nd quarter. Sachetta LLC now owns 210 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 56 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

MMC opened at $208.30 on Tuesday. The business has a fifty day simple moving average of $220.29 and a 200-day simple moving average of $221.20. The firm has a market cap of $102.30 billion, a PE ratio of 25.65, a P/E/G ratio of 2.59 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the company earned $1.57 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on MMC. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $228.47.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.