Graypoint LLC Decreases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Graypoint LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,540 shares of the financial services provider’s stock after selling 177 shares during the quarter. Graypoint LLC’s holdings in Marsh & McLennan Companies were worth $752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MMC. Carmichael Hill & Associates Inc. boosted its position in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $41,000. Bangor Savings Bank purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $46,000. Finally, Y.D. More Investments Ltd purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $55,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $209.33 on Friday. The company has a market cap of $102.81 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $219.53 and a two-hundred day moving average of $220.99.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the firm earned $1.57 earnings per share. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MMC. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.