Buckley Wealth Management LLC Sells 96 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Buckley Wealth Management LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,273 shares of the financial services provider’s stock after selling 96 shares during the period. Buckley Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MMC. Norges Bank bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $1,048,077,000. Price T Rowe Associates Inc. MD increased its stake in shares of Marsh & McLennan Companies by 32.7% in the 4th 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 purchasing an additional 2,526,701 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $261,787,000. Corient Private Wealth LLC boosted its holdings in shares of Marsh & McLennan Companies by 322.7% during 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 in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its holdings in shares of Marsh & McLennan Companies by 62.3% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,475,835 shares of the financial services provider’s stock valued at $274,552,000 after acquiring an additional 566,675 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MMC. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a report on Friday. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, UBS Group boosted their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $211.47.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded up $0.02 during mid-day trading on Friday, hitting $210.96. The company had a trading volume of 683,744 shares, compared to its average volume of 1,652,968. The company has a market capitalization of $103.94 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.99 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a 1 year low of $182.96 and a 1 year high of $216.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock’s 50-day moving average price is $206.52 and its 200-day moving average price is $201.05.

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

Insider Buying and Selling

In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies 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.