Courier Capital LLC Has $1.56 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Courier Capital LLC reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,329 shares of the financial services provider's stock after selling 2,684 shares during the quarter. Courier Capital LLC's holdings in Marsh & McLennan Companies were worth $1,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MMC. Fortitude Family Office LLC grew its position in shares of Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 45 shares during the period. Kingfisher Capital LLC lifted its position in shares of Marsh & McLennan Companies by 4.7% in the second quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock worth $220,000 after buying an additional 47 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock worth $468,000 after acquiring an additional 49 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Marsh & McLennan Companies by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider's stock valued at $523,000 after purchasing an additional 52 shares during the last quarter. Finally, BSW Wealth Partners raised its position in Marsh & McLennan Companies by 5.1% during the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock valued at $242,000 after purchasing an additional 53 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 of the company's stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MMC shares. Wells Fargo & Company dropped 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. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted 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 report on Tuesday, October 22nd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods increased their price objective 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $228.60.

Marsh & McLennan Companies Trading Up 1.0 %

Shares of Marsh & McLennan Companies stock traded up $2.03 during trading hours on Tuesday, hitting $213.53. The company's stock had a trading volume of 2,912,551 shares, compared to its average volume of 2,026,666. The business has a fifty day moving average of $219.17 and a 200 day moving average of $221.15. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50. The company has a market capitalization of $104.87 billion, a PE ratio of 26.30, a P/E/G ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 earnings per share. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS 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.