Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Occidental Asset Management LLC

Occidental Asset Management LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,291 shares of the financial services provider’s stock after purchasing an additional 980 shares during the quarter. Occidental Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $3,356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $1,048,077,000. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 2,526,701 shares in the last quarter. Impax Asset Management Group plc bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $261,787,000. Corient Private Wealth LLC boosted its holdings in shares of Marsh & McLennan Companies by 322.7% in the fourth 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% in the fourth 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 and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other news, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were 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 $11,159,670.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the firm’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 transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of MMC traded down $0.22 on Friday, reaching $210.72. 6,983,166 shares of the company’s stock were exchanged, compared to its average volume of 1,660,440. 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 has a market capitalization of $103.83 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93. The business has a 50 day moving average price of $206.87 and a two-hundred day moving average price of $201.20. Marsh & McLennan Companies, Inc. has a 12 month low of $182.96 and a 12 month high of $216.89.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research report on Wednesday, April 17th. UBS Group upped their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Finally, TD Cowen increased their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.