Everence Capital Management Inc. Has $3.42 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Everence Capital Management Inc. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 63.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,120 shares of the financial services provider's stock after buying an additional 6,260 shares during the quarter. Everence Capital Management Inc.'s holdings in Marsh & McLennan Companies were worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MMC. GAMMA Investing LLC raised its stake in shares of Marsh & McLennan Companies by 21.7% in the 4th quarter. GAMMA Investing LLC now owns 4,704 shares of the financial services provider's stock valued at $999,000 after purchasing an additional 839 shares in the last quarter. Versant Capital Management Inc raised its stake in Marsh & McLennan Companies by 37.3% during the fourth quarter. Versant Capital Management Inc now owns 743 shares of the financial services provider's stock valued at $158,000 after buying an additional 202 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock worth $892,309,000 after acquiring an additional 184,239 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Marsh & McLennan Companies by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 839,757 shares of the financial services provider's stock valued at $187,341,000 after acquiring an additional 24,624 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Marsh & McLennan Companies by 5.2% during the third quarter. Lord Abbett & CO. LLC now owns 553,640 shares of the financial services provider's stock worth $123,512,000 after purchasing an additional 27,439 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Evercore ISI reiterated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods upped their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $228.47.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded down $0.07 on Friday, hitting $211.27. The company had a trading volume of 1,052,185 shares, compared to its average volume of 1,342,142. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50. The company has a market cap of $103.76 billion, a PE ratio of 26.02, a PEG ratio of 2.59 and a beta of 0.94. The business has a 50-day simple moving average of $220.77 and a 200-day simple moving average of $221.13. 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 (NYSE:MMC - Get Free Report) last issued its quarterly earnings results 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. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. During the same period last year, the firm earned $1.57 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

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.