New Mexico Educational Retirement Board Acquires 3,600 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

New Mexico Educational Retirement Board boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,341 shares of the financial services provider’s stock after buying an additional 3,600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Marsh & McLennan Companies were worth $6,044,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. raised its holdings in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies during the first quarter worth $25,000. Private Wealth Management Group LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at $26,000. Headinvest LLC bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $28,000. Finally, Cordant Inc. acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $28,000. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies 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 sale, the director now owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. UBS Group lifted 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 note on Monday, April 22nd. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $211.47.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded down $0.22 on Friday, reaching $210.72. 6,983,166 shares of the company’s stock traded hands, compared to its average volume of 1,660,440. The stock’s 50 day simple moving average is $206.87 and its two-hundred day simple moving average is $201.20. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 52-week low of $182.96 and a 52-week high of $216.89. The stock has a market cap of $103.83 billion, a PE ratio of 26.74, a PEG ratio of 2.99 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last posted 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. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 earnings per share. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

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.