Bar Harbor Wealth Management Lowers Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bar Harbor Wealth Management cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,926 shares of the financial services provider’s stock after selling 75 shares during the quarter. Bar Harbor Wealth Management’s holdings in Marsh & McLennan Companies were worth $1,046,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Claro Advisors LLC raised its holdings in Marsh & McLennan Companies by 8.5% during the fourth quarter. Claro Advisors LLC now owns 1,422 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 112 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Marsh & McLennan Companies by 1.5% in the 4th quarter. Wedmont Private Capital now owns 7,435 shares of the financial services provider’s stock valued at $1,555,000 after buying an additional 113 shares during the period. Asset Allocation & Management Company LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $361,000. Trust Co. of Toledo NA OH lifted its holdings in Marsh & McLennan Companies by 7.4% in the fourth quarter. Trust Co. of Toledo NA OH now owns 4,487 shares of the financial services provider’s stock valued at $953,000 after acquiring an additional 309 shares during the period. Finally, Matrix Trust Co grew its stake in shares of Marsh & McLennan Companies by 2.2% during the 4th quarter. Matrix Trust Co now owns 7,561 shares of the financial services provider’s stock worth $1,606,000 after purchasing an additional 162 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MMC. Barclays upped their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Wells Fargo & Company reduced their price objective on 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. UBS Group raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price objective 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. Finally, BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $228.60.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.2 %

Shares of MMC stock traded up $2.53 during trading hours on Monday, hitting $211.64. 2,006,606 shares of the company were exchanged, compared to its average volume of 1,588,410. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $219.53 and a 200 day moving average of $221.12. The firm has a market cap of $103.94 billion, a PE ratio of 26.06, a PEG ratio of 2.59 and a beta of 0.96.

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

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.