Kathmere Capital Management LLC Sells 362 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kathmere Capital Management LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,370 shares of the financial services provider’s stock after selling 362 shares during the period. Kathmere Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $1,141,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Dimensional Fund Advisors LP boosted its holdings in Marsh & McLennan Companies by 10.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,978,875 shares of the financial services provider’s stock worth $416,994,000 after buying an additional 190,371 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Marsh & McLennan Companies by 17.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 7,494 shares of the financial services provider’s stock worth $1,579,000 after acquiring an additional 1,123 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Marsh & McLennan Companies by 21.3% during the second quarter. Renaissance Technologies LLC now owns 339,600 shares of the financial services provider’s stock valued at $71,561,000 after purchasing an additional 59,581 shares during the period. Virtu Financial LLC bought a new stake in Marsh & McLennan Companies in the second quarter valued at approximately $2,653,000. Finally, SYSTM Wealth Solutions LLC raised its holdings in Marsh & McLennan Companies by 4.8% in the second quarter. SYSTM Wealth Solutions LLC now owns 33,585 shares of the financial services provider’s stock worth $7,077,000 after purchasing an additional 1,531 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company dropped their price objective on 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. Bank of America increased their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $228.60.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Up 1.0 %

Shares of NYSE:MMC opened at $213.53 on Wednesday. The company has a market capitalization of $104.87 billion, a P/E ratio of 26.30, a P/E/G ratio of 2.59 and a beta of 0.96. 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 business’s 50 day simple moving average is $219.17 and its 200 day simple moving average is $221.15. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $1.57 earnings per share. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

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.