Capital Asset Advisory Services LLC Buys 878 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Capital Asset Advisory Services LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,643 shares of the financial services provider’s stock after buying an additional 878 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $2,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMC. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $25,000. Valley National Advisers Inc. boosted its holdings in shares of Marsh & McLennan Companies by 343.3% during the fourth 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 period. Private Wealth Management Group LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $26,000. Headinvest LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $28,000. Finally, Cordant Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $28,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of MMC traded down $0.18 on Friday, hitting $210.76. 6,983,166 shares of the stock traded hands, compared to its average volume of 1,703,770. The company has a market capitalization of $103.85 billion, a PE ratio of 26.73, a P/E/G ratio of 2.99 and a beta of 0.93. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day simple moving average of $206.52 and a 200 day simple moving average of $201.05. Marsh & McLennan Companies, Inc. has a one year low of $182.96 and a one year high of $216.89.

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 net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the firm earned $2.53 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

MMC has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a report on Friday. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Morgan Stanley raised their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Bank of America raised their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Two equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.