Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,669 shares of the financial services provider’s stock after purchasing an additional 114 shares during the period. Diversified Trust Co’s holdings in Marsh & McLennan Companies were worth $5,452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMC. Private Advisor Group LLC boosted its holdings in Marsh & McLennan Companies by 2.2% in the second quarter. Private Advisor Group LLC now owns 15,020 shares of the financial services provider’s stock valued at $3,165,000 after purchasing an additional 329 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Marsh & McLennan Companies by 31.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,633 shares of the financial services provider’s stock worth $976,000 after acquiring an additional 1,097 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Marsh & McLennan Companies in the second quarter valued at $142,000. MainStreet Investment Advisors LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at $247,000. Finally, Caprock Group LLC increased its position in shares of Marsh & McLennan Companies by 129.2% during the second quarter. Caprock Group LLC now owns 12,618 shares of the financial services provider’s stock worth $2,659,000 after purchasing an additional 7,113 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded up $2.60 on Tuesday, reaching $211.08. 277,936 shares of the company were exchanged, compared to its average volume of 1,072,856. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50. The company has a 50-day moving average of $220.29 and a 200-day moving average of $221.20. The firm has a market cap of $103.67 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96.

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

Analyst Ratings Changes

MMC has been the topic of a number of research reports. Roth Mkm raised their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI reissued an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $228.47.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The stock was 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. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

About Marsh & McLennan Companies

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.