Thurston Springer Miller Herd & Titak Inc. Trims Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Thurston Springer Miller Herd & Titak Inc. lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 94.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 384 shares of the financial services provider’s stock after selling 6,481 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Marsh & McLennan Companies were worth $77,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Marsh & McLennan Companies during the second quarter valued at $1,328,587,000. Valeo Financial Advisors LLC boosted its position in Marsh & McLennan Companies by 48,212.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after buying an additional 2,623,745 shares during the period. Soundwatch Capital LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter worth about $560,820,000. Mackenzie Financial Corp increased its position in shares of Marsh & McLennan Companies by 212.6% during the second quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock worth $499,635,000 after acquiring an additional 1,554,114 shares during the period. Finally, Amundi raised its stake in shares of Marsh & McLennan Companies by 89.2% during the second quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock valued at $615,309,000 after acquiring an additional 1,363,706 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MMC shares. Barclays upgraded Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $221.00 to $206.00 in a report on Thursday, November 20th. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price target for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Mizuho started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They issued an “outperform” rating and a $212.00 price objective for the company. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their target price for the company from $248.00 to $242.00 in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $222.35.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Down 0.4%

Marsh & McLennan Companies stock opened at $186.40 on Thursday. The business’s 50-day moving average price is $185.11 and its 200 day moving average price is $200.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a market cap of $91.32 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.21 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

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.