Running Oak Capital LLC Acquires 5,491 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Running Oak Capital LLC lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,407 shares of the financial services provider’s stock after acquiring an additional 5,491 shares during the period. Running Oak Capital LLC’s holdings in Marsh & McLennan Companies were worth $10,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. increased its position in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $28,000. Cordant Inc. acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $28,000. Finally, Sachetta LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $29,000. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction that occurred 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 owns 53,393 shares in the company, valued at approximately $11,159,670.93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $0.60 during trading on Friday, reaching $214.40. 3,275,466 shares of the company traded hands, compared to its average volume of 1,459,241. The firm has a 50 day simple moving average of $205.56 and a 200-day simple moving average of $200.68. Marsh & McLennan Companies, Inc. has a 52-week low of $180.91 and a 52-week high of $215.29. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $105.64 billion, a PE ratio of 27.21, a P/E/G ratio of 3.05 and a beta of 0.93.

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

Analysts Set New Price Targets

MMC has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Royal Bank of Canada raised their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. UBS Group lifted their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America lifted 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. Finally, Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $210.27.

Marsh & McLennan Companies Company 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.