Richard P Slaughter Associates Inc Purchases 128 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Richard P Slaughter Associates Inc grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,141 shares of the financial services provider’s stock after acquiring an additional 128 shares during the period. Richard P Slaughter Associates Inc’s holdings in Marsh & McLennan Companies were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MMC. Carmichael Hill & Associates Inc. raised its position in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth $31,000. Capital Performance Advisors LLP bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $41,000. Bangor Savings Bank bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth about $46,000. Finally, Richardson Financial Services Inc. boosted its stake in Marsh & McLennan Companies by 390.9% during the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock valued at $57,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $213.53 on Wednesday. The business has a 50-day simple moving average of $219.17 and a 200-day simple moving average of $221.15. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $104.87 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion during 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on MMC shares. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Bank of America upped their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group raised their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $228.60.

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.