CCLA Investment Management Grows Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

CCLA Investment Management grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 548,546 shares of the financial services provider’s stock after buying an additional 52,219 shares during the quarter. Marsh & McLennan Companies accounts for 1.8% of CCLA Investment Management’s investment portfolio, making the stock its 27th biggest position. CCLA Investment Management owned 0.11% of Marsh & McLennan Companies worth $116,527,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 85.7% in 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 during the period. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at approximately $41,000. Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $46,000. Finally, Richardson Financial Services Inc. raised its holdings in Marsh & McLennan Companies by 390.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock valued at $57,000 after buying an additional 215 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 1.0 %

MMC opened at $213.53 on Wednesday. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average price of $219.17 and a 200-day moving average price of $221.15. The stock has a market capitalization of $104.87 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion during 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 firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 earnings per share. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research note on Friday, January 10th. BMO Capital Markets increased their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $228.60.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by insiders.

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.