Diversified Trust Co Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Diversified Trust Co lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the fourth quarter, Holdings Channel reports. The fund owned 25,669 shares of the financial services provider’s stock after purchasing an additional 114 shares during the quarter. Diversified Trust Co’s holdings in Marsh & McLennan Companies were worth $5,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pensionfund Sabic boosted its stake in shares of Marsh & McLennan Companies by 42.9% during the 4th quarter. Pensionfund Sabic now owns 10,000 shares of the financial services provider’s stock worth $2,124,000 after purchasing an additional 3,000 shares during the last quarter. Everence Capital Management Inc. grew its stake in Marsh & McLennan Companies by 63.5% in the 4th quarter. Everence Capital Management Inc. now owns 16,120 shares of the financial services provider’s stock worth $3,424,000 after acquiring an additional 6,260 shares during the period. GAMMA Investing LLC raised its holdings in Marsh & McLennan Companies by 21.7% in the 4th quarter. GAMMA Investing LLC now owns 4,704 shares of the financial services provider’s stock valued at $999,000 after acquiring an additional 839 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Marsh & McLennan Companies by 37.3% during the fourth quarter. Versant Capital Management Inc now owns 743 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 202 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after purchasing an additional 184,239 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MMC. Barclays raised their price target on 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. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Roth Mkm lifted their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. 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 stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $228.47.

Marsh & McLennan Companies Stock Up 1.2 %

Shares of NYSE MMC traded up $2.60 during midday trading on Tuesday, reaching $211.08. 277,936 shares of the company’s stock were exchanged, compared to its average volume of 1,072,856. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50. The business’s fifty day moving average price is $220.29 and its two-hundred day moving average price is $221.20. The stock has a market capitalization of $103.67 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96.

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 company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the business earned $1.57 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

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.