Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 96.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,324 shares of the financial services provider’s stock after purchasing an additional 650 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Marsh & McLennan Companies were worth $251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Westover Capital Advisors LLC boosted its stake in Marsh & McLennan Companies by 3.0% during the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after buying an additional 53 shares in the last quarter. Evoke Wealth LLC grew 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 worth $238,000 after purchasing an additional 53 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of 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 worth $343,000 after purchasing an additional 56 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in Marsh & McLennan Companies by 1.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 56 shares during the last quarter. Finally, InterOcean Capital Group LLC grew its position in Marsh & McLennan Companies by 2.3% in the fourth quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock worth $465,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated 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 sale, the director now 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 accessible through this hyperlink. In other 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly 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 owned by company insiders.

Analysts Set New Price Targets

MMC has been the topic of a number of recent research reports. Evercore ISI lifted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price target 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. Morgan Stanley upped 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 note on Monday, April 15th. Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Finally, 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 research note on Monday, April 8th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $210.27.

Get Our Latest Report on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

NYSE MMC remained flat at $211.52 on Tuesday. The company’s stock had a trading volume of 200,940 shares, compared to its average volume of 1,635,138. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $179.35 and a 1 year high of $212.62. The firm has a 50-day simple moving average of $204.52 and a 200 day simple moving average of $200.24. The company has a market capitalization of $104.22 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.96 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.53 earnings per share. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

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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