Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Reduced by Criterion Capital Advisors LLC

Criterion Capital Advisors LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,663 shares of the financial services provider’s stock after selling 117 shares during the quarter. Criterion Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $1,048,077,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after buying an additional 2,526,701 shares during the period. Impax Asset Management Group plc acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $261,787,000. Corient Private Wealth LLC lifted its holdings in Marsh & McLennan Companies by 322.7% in the 4th quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock valued at $144,232,000 after acquiring an additional 581,131 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Marsh & McLennan Companies by 62.3% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,475,835 shares of the financial services provider’s stock worth $274,552,000 after purchasing an additional 566,675 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1 %

MMC traded down $0.22 during trading on Friday, reaching $210.72. 6,983,166 shares of the stock traded hands, compared to its average volume of 1,660,440. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a fifty-two week low of $182.96 and a fifty-two week high of $216.89. The stock’s 50-day simple moving average is $206.87 and its two-hundred day simple moving average is $201.20. The stock has a market cap of $103.83 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.53 EPS. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the sale, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MMC has been the topic of several research reports. TD Cowen upped their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Evercore ISI upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $211.47.

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.