Czech National Bank Boosts Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Czech National Bank grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 106,485 shares of the financial services provider’s stock after buying an additional 6,310 shares during the quarter. Czech National Bank’s holdings in Marsh & McLennan Companies were worth $22,618,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. lifted its stake in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies during the third quarter worth $41,000. Bangor Savings Bank purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $46,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Marsh & McLennan Companies by 390.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 215 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Down 1.0 %

Shares of NYSE:MMC opened at $209.33 on Monday. The firm’s 50-day moving average is $219.53 and its two-hundred day moving average is $221.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. The firm has a market capitalization of $102.81 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the prior year, the business earned $1.57 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Analysts Set New Price Targets

MMC has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, Bank of America upped their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.