Mirae Asset Global Investments Co. Ltd. Acquires 1,658 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,036 shares of the financial services provider’s stock after buying an additional 1,658 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $21,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. increased its holdings in shares of Marsh & McLennan Companies by 343.3% in the fourth 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 during the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $25,000. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $26,000. Headinvest LLC purchased a new stake in Marsh & McLennan Companies during the third quarter valued at $28,000. Finally, Cordant Inc. bought a new position in Marsh & McLennan Companies during the fourth quarter valued at $28,000. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on MMC shares. Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the company a “sector perform” rating in a research report on Friday, June 28th. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. TD Cowen increased their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. UBS Group increased their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $211.47.

Insider Buying and Selling

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly 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 SEC, which is accessible through the SEC website. In related news, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Up 0.5 %

MMC stock traded up $1.02 during trading on Friday, hitting $213.92. 1,221,942 shares of the company’s stock traded hands, compared to its average volume of 1,784,431. The business has a fifty day simple moving average of $208.04 and a two-hundred day simple moving average of $201.83. 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 firm has a market capitalization of $105.40 billion, a P/E ratio of 27.15, a PEG ratio of 3.02 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $183.81 and a 1 year high of $216.89.

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 analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.53 EPS. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

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.