Walter Public Investments Inc. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 75,011 shares of the financial services provider’s stock, valued at approximately $12,493,000. Marsh & McLennan Companies makes up approximately 3.8% of Walter Public Investments Inc.’s portfolio, making the stock its 13th largest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $25,000. Institutional & Family Asset Management LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $27,000. Tradewinds Capital Management LLC grew its position in Marsh & McLennan Companies by 471.4% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the financial services provider’s stock worth $33,000 after buying an additional 165 shares in the last quarter. FNY Investment Advisers LLC grew its position in Marsh & McLennan Companies by 94.2% during the first quarter. FNY Investment Advisers LLC now owns 233 shares of the financial services provider’s stock worth $38,000 after buying an additional 113 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in Marsh & McLennan Companies during the third quarter worth approximately $43,000. Institutional investors own 86.33% of the company’s stock.
Marsh & McLennan Companies Stock Up 0.1 %
Shares of NYSE:MMC opened at $181.29 on Thursday. The firm has a market cap of $89.69 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.44 and a beta of 0.94. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12-month low of $146.82 and a 12-month high of $183.30. The business has a fifty day simple moving average of $177.71 and a 200 day simple moving average of $170.89.
Marsh & McLennan Companies (NYSE:MMC – Get Rating) last announced its earnings results on Thursday, April 20th. The financial services provider reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.06. The business had revenue of $5.92 billion during the quarter, compared to analyst estimates of $5.86 billion. Marsh & McLennan Companies had a return on equity of 33.33% and a net margin of 15.24%. Marsh & McLennan Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.30 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 7.6 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on MMC. Morgan Stanley started coverage on Marsh & McLennan Companies in a research report on Tuesday. They set an “equal weight” rating and a $202.00 price target on the stock. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $197.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, April 21st. Jefferies Financial Group cut their target price on Marsh & McLennan Companies from $184.00 to $180.00 in a research note on Monday, April 10th. Roth Capital restated a “neutral” rating on shares of Marsh & McLennan Companies in a research note on Monday, April 24th. Finally, StockNews.com started coverage on Marsh & McLennan Companies in a research note on Thursday, May 18th. They set a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $187.54.
Insider Buying and Selling
In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 5,500 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $179.38, for a total transaction of $986,590.00. Following the completion of the sale, the director now directly owns 70,116 shares in the company, valued at approximately $12,577,408.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.
About Marsh & McLennan Companies
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 in two segments, Risk and…
Read More: Walter Public Investments Inc. Takes Position in Marsh & McLennan Companies,