Main Line Retirement Advisors LLC Purchases 208 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Main Line Retirement Advisors LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,417 shares of the financial services provider’s stock after acquiring an additional 208 shares during the period. Marsh & McLennan Companies accounts for approximately 0.2% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Main Line Retirement Advisors LLC’s holdings in Marsh & McLennan Companies were worth $292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Valley National Advisers Inc. boosted its holdings in shares of 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 buying an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Private Wealth Management Group LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth about $26,000. Headinvest LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at $28,000. Finally, Cordant Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $28,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock traded up $0.87 during mid-day trading on Tuesday, hitting $211.12. 236,103 shares of the stock were exchanged, compared to its average volume of 1,688,207. The business has a fifty day moving average price of $206.87 and a 200 day moving average price of $201.20. Marsh & McLennan Companies, Inc. has a 12 month low of $183.81 and a 12 month high of $216.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $104.02 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.99 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly 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 analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $2.53 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MMC. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. TD Cowen raised their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Bank of America boosted their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Evercore ISI lifted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $211.47.

Insiders Place Their Bets

In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction that occurred on 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 disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

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.