Marsh & McLennan Companies, Inc. $MMC Stock Position Boosted by Louisbourg Investments Inc.

Louisbourg Investments Inc. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 170.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,794 shares of the financial services provider’s stock after buying an additional 9,315 shares during the quarter. Louisbourg Investments Inc.’s holdings in Marsh & McLennan Companies were worth $2,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after purchasing an additional 837,117 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after buying an additional 196,475 shares in the last quarter. Norges Bank bought a new position in Marsh & McLennan Companies during the second quarter valued at about $1,328,587,000. Goldman Sachs Group Inc. grew its holdings in Marsh & McLennan Companies by 8.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after acquiring an additional 340,907 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in Marsh & McLennan Companies by 0.9% in the second quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock worth $752,877,000 after acquiring an additional 32,118 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $184.48 on Friday. The company’s fifty day moving average is $184.25 and its two-hundred day moving average is $200.13. The company has a market cap of $90.38 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 3.19 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.Marsh & McLennan Companies’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MMC. Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $209.00 to $191.00 in a research report on Friday, October 17th. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Mizuho initiated coverage on Marsh & McLennan Companies in a research note on Tuesday. They set an “outperform” rating and a $212.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $222.35.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.