Cyndeo Wealth Partners LLC Sells 2,773 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cyndeo Wealth Partners LLC cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,049 shares of the financial services provider's stock after selling 2,773 shares during the period. Cyndeo Wealth Partners LLC's holdings in Marsh & McLennan Companies were worth $3,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Ameriflex Group Inc. acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $37,000. City Holding Co. bought a new position in Marsh & McLennan Companies during the first quarter worth $37,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $39,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $1.81 during mid-day trading on Thursday, hitting $214.22. The company had a trading volume of 2,505,656 shares, compared to its average volume of 1,952,460. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00. The company has a market capitalization of $105.55 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 2.65 and a beta of 0.83. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The stock's 50-day moving average price is $225.76 and its 200-day moving average price is $225.03.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same period in the previous year, the business earned $2.89 EPS. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. UBS Group raised their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Barclays increased their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $241.93.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at $5,129,075. This represents a 31.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Company 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.