Spire Wealth Management Has $1.81 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

Spire Wealth Management grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 185.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,001 shares of the financial services provider’s stock after purchasing an additional 5,852 shares during the quarter. Spire Wealth Management’s holdings in Marsh & McLennan Companies were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 1.8% in 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 buying an additional 837,117 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 196,475 shares during the last quarter. Norges Bank bought a new stake in Marsh & McLennan Companies during the second quarter worth approximately $1,328,587,000. Artisan Partners Limited Partnership grew its holdings in Marsh & McLennan Companies by 0.9% during the second quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock valued at $752,877,000 after purchasing an additional 32,118 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,901,598 shares of the financial services provider’s stock worth $634,405,000 after buying an additional 43,462 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Down 0.5%

MMC stock opened at $185.94 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve 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. The company has a market cap of $91.09 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. The business’s 50-day simple moving average is $183.18 and its 200 day simple moving average is $196.46.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company 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 quarter last year, the company earned $1.63 EPS. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MMC shares. UBS Group lowered their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Mizuho initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price target on the stock. TD Cowen cut their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their target price for the company from $200.00 to $195.00 in a report on Monday, October 20th. Finally, Citigroup cut their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Eight investment 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. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $222.41.

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.