JPMorgan Chase & Co. Has $892.31 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

JPMorgan Chase & Co. increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,999,771 shares of the financial services provider's stock after purchasing an additional 184,239 shares during the quarter. JPMorgan Chase & Co. owned 0.81% of Marsh & McLennan Companies worth $892,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after buying an additional 518,185 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock valued at $200,718,000 after acquiring an additional 504,897 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after purchasing an additional 426,425 shares during the period. Truist Financial Corp raised its stake in Marsh & McLennan Companies by 93.9% during the 2nd quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider's stock valued at $160,563,000 after purchasing an additional 368,970 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider's stock valued at $118,068,000 after purchasing an additional 363,569 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $0.73 during trading hours on Friday, reaching $213.47. 1,616,666 shares of the company were exchanged, compared to its average volume of 1,710,912. Marsh & McLennan Companies, Inc. has a 12 month low of $188.27 and a 12 month high of $235.50. The firm has a market cap of $104.84 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.59 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average of $221.60 and a 200 day moving average of $221.15.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI reiterated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a "sell" rating in a report on Friday, October 18th. 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 on the stock in a research note on Thursday, October 10th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two investment 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $228.13.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.