Dumont & Blake Investment Advisors LLC Grows Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dumont & Blake Investment Advisors LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,855 shares of the financial services provider’s stock after purchasing an additional 68 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,030,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 3.0% during the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after buying an additional 53 shares during the last quarter. Evoke Wealth LLC lifted its stake in shares of Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 53 shares during the last quarter. RDA Financial Network grew its holdings in shares of Marsh & McLennan Companies by 3.1% during the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 53 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Marsh & McLennan Companies by 3.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after buying an additional 56 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its position in Marsh & McLennan Companies by 1.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock valued at $590,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $0.22 during midday trading on Friday, hitting $210.72. 6,983,166 shares of the company’s stock were exchanged, compared to its average volume of 1,660,440. The firm’s 50 day simple moving average is $206.87 and its 200 day simple moving average is $201.20. Marsh & McLennan Companies, Inc. has a 12-month low of $182.96 and a 12-month high of $216.89. 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 stock has a market cap of $103.83 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, 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 value of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Friday, May 17th. The stock was 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 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 at this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on MMC. JPMorgan Chase & Co. upped 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. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Evercore ISI raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $211.47.

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.