Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Avity Investment Management Inc.

Avity Investment Management Inc. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% in the 1st quarter, HoldingsChannel reports. The firm owned 200,843 shares of the financial services provider’s stock after purchasing an additional 1,673 shares during the quarter. Marsh & McLennan Companies makes up 3.4% of Avity Investment Management Inc.’s holdings, making the stock its 12th biggest holding. Avity Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $41,370,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MMC. Astoria Portfolio Advisors LLC. purchased a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $210,000. Norway Savings Bank raised its stake in shares of Marsh & McLennan Companies by 6.0% in the first quarter. Norway Savings Bank now owns 6,166 shares of the financial services provider’s stock valued at $1,270,000 after acquiring an additional 350 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 16.8% in the first quarter. Kathmere Capital Management LLC now owns 4,576 shares of the financial services provider’s stock valued at $943,000 after purchasing an additional 658 shares during the period. Capital Asset Advisory Services LLC increased its holdings in Marsh & McLennan Companies by 8.2% during the 1st quarter. Capital Asset Advisory Services LLC now owns 11,643 shares of the financial services provider’s stock worth $2,394,000 after purchasing an additional 878 shares during the period. Finally, Indiana Trust & Investment Management CO purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the sale, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded down $0.22 during trading on Friday, reaching $210.72. The company’s stock had a trading volume of 6,983,166 shares, compared to its average volume of 1,660,440. Marsh & McLennan Companies, Inc. has a twelve month low of $182.96 and a twelve month high of $216.89. The firm has a market cap of $103.83 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.99 and a beta of 0.93. The business’s fifty day moving average price is $206.87 and its 200-day moving average price is $201.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the business earned $2.53 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MMC shares. TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Evercore ISI raised their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $211.47.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.