Town & Country Bank & Trust CO dba First Bankers Trust CO Increases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 18,247 shares of the financial services provider’s stock after buying an additional 144 shares during the quarter. Marsh & McLennan Companies makes up 1.6% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 17th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Marsh & McLennan Companies were worth $3,759,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Marsh & McLennan Companies in the fourth quarter valued at about $1,048,077,000. Price T Rowe Associates Inc. MD raised its stake in shares of Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after buying an additional 2,526,701 shares during the period. Impax Asset Management Group plc purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $261,787,000. Corient Private Wealth LLC increased its holdings in Marsh & McLennan Companies by 322.7% in the 4th quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock worth $144,232,000 after acquiring an additional 581,131 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its stake in Marsh & McLennan Companies by 62.3% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,475,835 shares of the financial services provider’s stock worth $274,552,000 after acquiring an additional 566,675 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $0.22 during mid-day trading on Friday, reaching $210.72. 6,983,166 shares of the company’s stock traded hands, compared to its average volume of 1,660,440. Marsh & McLennan Companies, Inc. has a 12-month low of $182.96 and a 12-month high of $216.89. The company has a market cap of $103.83 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.99 and a beta of 0.93. The stock has a 50 day moving average of $206.87 and a two-hundred day moving average of $201.20. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last released its 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 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 company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Marsh & McLennan Companies 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 $2,737,993.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction 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 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. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MMC shares. Piper Sandler cut 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. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research note on Friday. UBS Group boosted their price objective 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. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Finally, Bank of America upped their price target 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $211.47.

Marsh & McLennan Companies Profile

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.