Cornerstone Wealth Group LLC Makes New $231,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cornerstone Wealth Group LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, HoldingsChannel reports. The fund purchased 1,123 shares of the financial services provider’s stock, valued at approximately $231,000.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. raised its stake in shares of 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. Indiana Trust & Investment Management CO bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $25,000. Private Wealth Management Group LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth $26,000. Headinvest LLC bought a new position in Marsh & McLennan Companies during the 3rd quarter worth $28,000. Finally, Cordant Inc. bought a new position in Marsh & McLennan Companies during the 4th quarter worth $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of MMC stock traded down $0.22 during mid-day trading on Friday, reaching $210.72. 6,983,166 shares of the stock traded hands, compared to its average volume of 1,660,440. The stock’s fifty day simple moving average is $206.87 and its two-hundred day simple moving average is $201.20. Marsh & McLennan Companies, Inc. has a 1-year low of $182.96 and a 1-year high of $216.89. The company has a market cap of $103.83 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period last year, the company earned $2.53 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Insider Transactions at Marsh & McLennan Companies

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Evercore ISI increased their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research note on Wednesday, April 17th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $211.47.

About Marsh & McLennan Companies

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.