Vicus Capital Invests $241,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vicus Capital purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, Holdings Channel.com reports. The firm purchased 1,170 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Marsh & McLennan Companies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 43,798,034 shares of the financial services provider’s stock worth $8,298,414,000 after acquiring an additional 180,128 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after acquiring an additional 2,526,701 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after acquiring an additional 31,821 shares in the last quarter. Morgan Stanley raised its stake in Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after acquiring an additional 150,655 shares in the last quarter. Finally, Norges Bank acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $1,048,077,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of NYSE:MMC opened at $210.72 on Friday. The company has a market cap of $103.83 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.99 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a fifty-two week low of $182.96 and a fifty-two week high of $216.89. The firm’s 50-day simple moving average is $206.87 and its 200-day simple moving average is $201.20. 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 released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 earnings per share. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MMC. Evercore ISI lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. TD Cowen lifted their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Wells Fargo & Company lifted their price objective on shares of 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. Finally, Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the company a “sector perform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $211.47.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly 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 insiders.

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.