Czech National Bank Buys 195 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Czech National Bank grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 0.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 86,568 shares of the financial services provider’s stock after acquiring an additional 195 shares during the quarter. Czech National Bank’s holdings in Marsh & McLennan Companies were worth $17,831,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Kestra Advisory Services LLC increased its stake in shares of Marsh & McLennan Companies by 50.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 20,773 shares of the financial services provider’s stock valued at $3,953,000 after purchasing an additional 6,994 shares during the last quarter. Mirabella Financial Services LLP raised its stake in Marsh & McLennan Companies by 5.6% during the third quarter. Mirabella Financial Services LLP now owns 3,779 shares of the financial services provider’s stock worth $719,000 after acquiring an additional 199 shares in the last quarter. Stokes Family Office LLC lifted its holdings in shares of Marsh & McLennan Companies by 7.6% in the third quarter. Stokes Family Office LLC now owns 6,307 shares of the financial services provider’s stock worth $1,200,000 after acquiring an additional 446 shares during the last quarter. Rathbones Group PLC boosted its stake in shares of Marsh & McLennan Companies by 81.1% in the 3rd quarter. Rathbones Group PLC now owns 181,167 shares of the financial services provider’s stock valued at $34,476,000 after purchasing an additional 81,113 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in Marsh & McLennan Companies by 45.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,312 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 1,342 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were 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 in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.1 %

MMC traded up $2.28 during midday trading on Thursday, reaching $215.00. 1,709,804 shares of the company were exchanged, compared to its average volume of 1,647,944. Marsh & McLennan Companies, Inc. has a one year low of $179.35 and a one year high of $215.26. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average price is $205.24 and its 200 day moving average price is $200.53. The company has a market cap of $105.93 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its 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. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on MMC shares. Wells Fargo & Company increased their target price 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. Keefe, Bruyette & Woods boosted their target price 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 shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a report on Wednesday, April 17th. Finally, Bank of America lifted their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $210.27.

Read Our Latest Research Report on Marsh & McLennan Companies

Marsh & McLennan Companies Company 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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