Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,999,771 shares of the financial services provider’s stock after buying an additional 184,239 shares during the period. JPMorgan Chase & Co. owned approximately 0.81% of Marsh & McLennan Companies worth $892,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Marsh & McLennan Companies by 3.0% in the third quarter. Principal Financial Group Inc. now owns 839,757 shares of the financial services provider’s stock worth $187,341,000 after purchasing an additional 24,624 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Marsh & McLennan Companies by 5.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 553,640 shares of the financial services provider’s stock valued at $123,512,000 after buying an additional 27,439 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $2,294,000. Synovus Financial Corp lifted its stake in shares of Marsh & McLennan Companies by 3.0% in the 3rd quarter. Synovus Financial Corp now owns 29,970 shares of the financial services provider’s stock worth $6,686,000 after acquiring an additional 873 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Marsh & McLennan Companies by 17.2% in the third quarter. Tidal Investments LLC now owns 13,013 shares of the financial services provider’s stock valued at $2,903,000 after acquiring an additional 1,911 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $213.47 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $188.27 and a one year high of $235.50. The business’s 50-day moving average price is $221.60 and its two-hundred day moving average price is $221.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $104.84 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 earnings per share. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Bank of America lifted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $228.13.

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.