Marsh & McLennan Companies, Inc. $MMC Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 22.2% in the third quarter, Holdings Channel.com reports. The fund owned 167,968 shares of the financial services provider’s stock after selling 47,852 shares during the quarter. Flputnam Investment Management Co.’s holdings in Marsh & McLennan Companies were worth $33,851,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MMC. McAdam LLC raised its stake in Marsh & McLennan Companies by 1.2% in the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 47 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Marsh & McLennan Companies by 5.9% in the second quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock valued at $186,000 after buying an additional 47 shares during the last quarter. TFR Capital LLC. lifted its stake in shares of Marsh & McLennan Companies by 2.7% in the second quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock worth $406,000 after buying an additional 48 shares in the last quarter. Ignite Planners LLC boosted its position in Marsh & McLennan Companies by 3.5% during the second quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 49 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its stake in Marsh & McLennan Companies by 0.7% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock valued at $1,619,000 after acquiring an additional 50 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In related 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 transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MMC shares. Evercore ISI decreased their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Mizuho initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective on the stock. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $248.00 to $242.00 in a research note on Thursday, October 9th. Wells Fargo & Company lowered their price target on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Finally, Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $222.35.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $184.48 on Friday. The firm has a market cap of $90.38 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 3.17 and a beta of 0.75. 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, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The business’s fifty day simple moving average is $184.25 and its 200-day simple moving average is $199.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $6.35 billion during 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%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $1.63 EPS. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies 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.