Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 22.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204 shares of the financial services provider’s stock after selling 350 shares during the period. Tyche Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parisi Gray Wealth Management purchased a new stake in Marsh & McLennan Companies during the first quarter worth approximately $947,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Marsh & McLennan Companies by 101.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after buying an additional 52,218 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Marsh & McLennan Companies by 2.1% in the 1st quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider’s stock valued at $15,447,000 after buying an additional 1,288 shares in the last quarter. Bell Asset Management Ltd raised its stake in Marsh & McLennan Companies by 12.5% during the 4th quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider’s stock worth $6,896,000 after acquiring an additional 3,595 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its position in Marsh & McLennan Companies by 20.9% in the first quarter. Bank Pictet & Cie Europe AG now owns 211,674 shares of the financial services provider’s stock valued at $51,655,000 after acquiring an additional 36,643 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on MMC shares. UBS Group lifted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Barclays boosted their price objective 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. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $241.93.

Insiders Place Their Bets

In other news, CEO Dean Michael Klisura sold 9,569 shares of the business’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 transaction of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $5,129,075. The trade was a 31.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies 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 of the company’s stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 52-week low of $207.21 and a 52-week high of $248.00. The firm has a 50-day moving average price of $224.22 and a 200 day moving average price of $224.61. The stock has a market capitalization of $106.60 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.69 and a beta of 0.83. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 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 business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same period last year, the firm earned $2.89 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Company 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.