Lockerman Financial Group Inc. Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Lockerman Financial Group Inc. purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,138 shares of the financial services provider’s stock, valued at approximately $234,000.

A number of other hedge funds have also modified their holdings of MMC. Norges Bank purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $1,048,077,000. Price T Rowe Associates Inc. MD grew its stake in Marsh & McLennan Companies by 32.7% during 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 purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $261,787,000. Corient Private Wealth LLC grew its stake in Marsh & McLennan Companies by 322.7% during 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. grew its stake in Marsh & McLennan Companies by 62.3% during 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. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MMC has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Morgan Stanley increased their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Bank of America increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. TD Cowen raised their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Finally, Evercore ISI raised their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $211.47.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies 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 transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, June 13th. The stock was 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 in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.1 %

MMC traded up $0.20 on Friday, reaching $211.14. 157,727 shares of the company traded hands, compared to its average volume of 1,648,726. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $104.03 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93. The firm has a fifty day simple moving average of $206.52 and a two-hundred 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 posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 EPS. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

About Marsh & McLennan Companies

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.