Marsh & McLennan Companies, Inc. $MMC Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 567.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 93,243 shares of the financial services provider’s stock after purchasing an additional 79,276 shares during the period. SG Americas Securities LLC’s holdings in Marsh & McLennan Companies were worth $18,791,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Caldwell Trust Co grew its position in Marsh & McLennan Companies by 8.6% in the third quarter. Caldwell Trust Co now owns 3,927 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 311 shares in the last quarter. Spire Wealth Management increased its position in Marsh & McLennan Companies by 185.8% during the third quarter. Spire Wealth Management now owns 9,001 shares of the financial services provider’s stock worth $1,814,000 after acquiring an additional 5,852 shares during the period. CX Institutional boosted its holdings in Marsh & McLennan Companies by 10.1% in the 3rd quarter. CX Institutional now owns 39,110 shares of the financial services provider’s stock valued at $7,882,000 after purchasing an additional 3,572 shares during the period. Childress Capital Advisors LLC raised its position in shares of Marsh & McLennan Companies by 34.9% during the third quarter. Childress Capital Advisors LLC now owns 2,127 shares of the financial services provider’s stock valued at $429,000 after buying an additional 550 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in Marsh & McLennan Companies by 0.5% during the third quarter. KLP Kapitalforvaltning AS now owns 208,674 shares of the financial services provider’s stock valued at $42,054,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 2.2%

Shares of NYSE:MMC opened at $186.90 on Friday. The stock has a market capitalization of $91.56 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. The company’s 50-day moving average price is $183.02 and its two-hundred day moving average price is $196.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced 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 company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MMC. Barclays lifted their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday. Wolfe Research began coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price target for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $222.41.

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 dated 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 transaction, 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 sale 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 insiders.

About Marsh & McLennan Companies

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.