Czech National Bank Buys 6,310 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Czech National Bank boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,485 shares of the financial services provider's stock after acquiring 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. boosted its position in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Capital Performance Advisors LLP bought a new stake in Marsh & McLennan Companies during the 3rd quarter worth $41,000. Bangor Savings Bank bought a new position in Marsh & McLennan Companies in the third quarter valued at about $46,000. Finally, Richardson Financial Services Inc. boosted its stake in shares of Marsh & McLennan Companies by 390.9% during the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 215 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.5 %

Shares of MMC traded up $1.01 during trading hours on Monday, hitting $210.12. The stock had a trading volume of 871,763 shares, compared to its average volume of 1,429,076. The firm has a 50 day simple moving average of $219.53 and a 200-day simple moving average of $221.12. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $103.19 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. BMO Capital Markets lifted their price target 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. Evercore ISI restated an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an "underperform" rating in a report on Friday. Finally, UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and an average target price of $228.60.

Marsh & McLennan Companies 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.