By otakuyassine3@gmail.com 
Trust Co. of Toledo NA OH raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,487 shares of the financial services provider’s stock after purchasing an additional 309 shares during the period. Trust Co. of Toledo NA OH’s holdings in Marsh & McLennan Companies were worth $953,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Carmichael Hill & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. Capital Performance Advisors LLP bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $46,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Marsh & McLennan Companies by 390.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.
Marsh & McLennan Companies Stock Performance
Shares of MMC stock opened at $211.64 on Tuesday. The firm has a market cap of $103.94 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.59 and a beta of 0.96. The company’s 50 day moving average is $219.33 and its 200 day moving average is $221.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last issued its quarterly earnings data 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 for 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%. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $1.57 earnings per share. 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 Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
MMC has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. 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 for the company in a research note on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Finally, UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $228.60.
Check Out Our Latest Stock Report on Marsh & McLennan Companies
Marsh & McLennan Companies 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.
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