Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 3.6% during the 1st quarter, HoldingsChannel reports. The fund owned 3,749 shares of the financial services provider’s stock after selling 142 shares during the period. Matthew Goff Investment Advisor LLC’s holdings in Marsh & McLennan Companies were worth $772,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position 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 valued at $25,000 after buying an additional 103 shares during the last quarter. Private Wealth Management Group LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $26,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at approximately $28,000. Cordant Inc. acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $28,000. Finally, Sachetta LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $29,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $0.60 during mid-day trading on Friday, hitting $214.40. The company’s stock had a trading volume of 3,275,466 shares, compared to its average volume of 1,459,241. 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 stock has a market capitalization of $105.64 billion, a P/E ratio of 27.21, a P/E/G ratio of 3.05 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a twelve month low of $180.91 and a twelve month high of $215.29. The stock’s fifty day moving average price is $205.56 and its two-hundred day moving average price is $200.68.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.53 earnings per share. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current 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 transaction of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies 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 owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. TD Cowen lifted their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned 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 $210.27.

Get Our Latest Stock Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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