Pensionfund Sabic Buys 3,000 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Pensionfund Sabic increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 42.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the financial services provider's stock after buying an additional 3,000 shares during the period. Pensionfund Sabic's holdings in Marsh & McLennan Companies were worth $2,124,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $3,710,000. Czech National Bank increased its position in shares of Marsh & McLennan Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider's stock valued at $22,348,000 after purchasing an additional 6,282 shares during the period. Geode Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock worth $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Citigroup Inc. boosted its stake in Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock valued at $113,384,000 after buying an additional 23,445 shares in the last quarter. Finally, Kinsale Capital Group Inc. lifted its holdings in Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock valued at $6,024,000 after acquiring an additional 3,880 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

NYSE MMC traded down $2.97 on Monday, reaching $208.30. The company's stock had a trading volume of 1,355,671 shares, compared to its average volume of 1,346,624. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50. The firm has a market cap of $102.30 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94. The business has a 50-day moving average price of $220.56 and a 200 day moving average price of $221.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company'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 business earned $1.57 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MMC. Evercore ISI reissued an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research report on Tuesday, October 22nd. BMO Capital Markets upped their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Roth Mkm lifted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $228.47.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

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.