Marsh & McLennan Companies, Inc. $MMC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 69,612 shares of the financial services provider’s stock after selling 2,848 shares during the period. State of Alaska Department of Revenue’s holdings in Marsh & McLennan Companies were worth $14,028,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MMC. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the 2nd quarter valued at $29,000. Westside Investment Management Inc. boosted its position in Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 109 shares during the period. Delos Wealth Advisors LLC acquired a new stake in Marsh & McLennan Companies in the 2nd quarter valued at $32,000. TruNorth Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth about $32,000. Finally, Access Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter worth about $39,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wolfe Research began coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Barclays lifted their price objective on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their target price for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Bank of America reaffirmed an “underperform” rating and set a $181.00 price target (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $222.41.

Marsh & McLennan Companies Price Performance

MMC opened at $186.90 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The company has a 50-day moving average of $183.02 and a 200-day moving average of $196.70. The company has a market capitalization of $91.56 billion, a P/E ratio of 22.41, a PEG ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.Marsh & McLennan Companies’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.