Pensionfund Sabic Has $2.12 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Pensionfund Sabic boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the financial services provider’s stock after buying an additional 3,000 shares during the quarter. Pensionfund Sabic’s holdings in Marsh & McLennan Companies were worth $2,124,000 at the end of the most recent reporting period.

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

Marsh & McLennan Companies Stock Down 0.2 %

Shares of NYSE:MMC traded down $0.34 during midday trading on Monday, hitting $210.93. 101,420 shares of the company’s stock were exchanged, compared to its average volume of 912,644. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. The company has a market cap of $103.59 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94. 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 stock has a 50 day moving average price of $220.56 and a 200-day moving average price of $221.25.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 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 during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America increased their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Finally, Roth Mkm boosted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $228.47.

About Marsh & McLennan Companies

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.