American International Group Inc. Sells 499 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

American International Group Inc. cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,592 shares of the financial services provider’s stock after selling 499 shares during the period. American International Group Inc.’s holdings in Marsh & McLennan Companies were worth $30,617,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. EP Wealth Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 29.4% in the 4th quarter. EP Wealth Advisors LLC now owns 1,703 shares of the financial services provider’s stock valued at $323,000 after buying an additional 387 shares in the last quarter. Syon Capital LLC increased its holdings in shares of Marsh & McLennan Companies by 15.0% during the fourth quarter. Syon Capital LLC now owns 7,764 shares of the financial services provider’s stock valued at $1,471,000 after acquiring an additional 1,015 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at approximately $950,000. Garde Capital Inc. raised its holdings in shares of Marsh & McLennan Companies by 38.7% in the fourth quarter. Garde Capital Inc. now owns 1,498 shares of the financial services provider’s stock worth $284,000 after buying an additional 418 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Marsh & McLennan Companies by 150.9% during the fourth quarter. V Square Quantitative Management LLC now owns 10,817 shares of the financial services provider’s stock valued at $2,049,000 after buying an additional 6,505 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.3 %

Shares of MMC traded down $0.62 during mid-day trading on Friday, reaching $208.88. The stock had a trading volume of 947,428 shares, compared to its average volume of 1,474,203. Marsh & McLennan Companies, Inc. has a 52-week low of $178.18 and a 52-week high of $211.53. The firm has a market cap of $102.92 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 2.96 and a beta of 0.93. The business’s fifty day moving average is $204.38 and its 200 day moving average is $200.13. 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 (NYSE:MMCGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion during 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 revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.53 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MMC. Bank of America upped their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. UBS Group raised their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Morgan Stanley raised their price target 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. Two investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $210.27.

View Our Latest Stock Analysis on MMC

Insiders Place Their Bets

In other 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 transaction of $455,771.97. Following the completion of 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 document filed with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

About Marsh & McLennan Companies

(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.

Further Reading

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

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