Criterion Capital Advisors LLC Trims Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Criterion Capital Advisors LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,663 shares of the financial services provider’s stock after selling 117 shares during the quarter. Criterion Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the first quarter valued at about $25,000. Valley National Advisers Inc. raised its stake in shares of Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 103 shares during the period. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Headinvest LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at approximately $28,000. Finally, Cordant Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of Marsh & McLennan Companies stock traded down $0.22 during trading hours on Friday, hitting $210.72. The company had a trading volume of 6,983,166 shares, compared to its average volume of 1,660,440. The company’s 50-day moving average is $206.87 and its two-hundred day moving average is $201.20. Marsh & McLennan Companies, Inc. has a twelve month low of $182.96 and a twelve month high of $216.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $103.83 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data 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 company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.53 earnings per share. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MMC shares. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, TD Cowen increased their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two research 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 has an average rating of “Hold” and an average price target of $211.47.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

About Marsh & McLennan Companies

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.