Investment Advisory Services Inc. TX ADV Acquires New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Investment Advisory Services Inc. TX ADV purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 905 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other institutional investors have also modified their holdings of MMC. Brighton Jones LLC increased its stake in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $37,178,000. Sigma Planning Corp increased its position in shares of Marsh & McLennan Companies by 2.9% in the 4th quarter. Sigma Planning Corp now owns 2,326 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 66 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Marsh & McLennan Companies by 14.2% in the 4th quarter. First Horizon Advisors Inc. now owns 596 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 74 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 7.0% during the fourth quarter. Wealthspire Advisors LLC now owns 3,385 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MMC shares. Barclays raised their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target on the stock. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a report on Thursday, April 10th. Finally, UBS Group lifted their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $241.93.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 9,569 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $5,129,075. This trade represents a 31.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at $3,326,412. This represents a 14.20% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.5%

NYSE MMC opened at $216.35 on Thursday. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The firm has a market cap of $106.60 billion, a PE ratio of 26.51, a P/E/G ratio of 2.69 and a beta of 0.83. The firm’s fifty day moving average is $224.22 and its two-hundred day moving average is $224.61. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter in the previous year, the firm posted $2.89 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Profile

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.