Inscription Capital LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Inscription Capital LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,395 shares of the financial services provider's stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parisi Gray Wealth Management bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $947,000. Annex Advisory Services LLC lifted its position in Marsh & McLennan Companies by 2.1% during the 1st quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock worth $15,447,000 after buying an additional 1,288 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Marsh & McLennan Companies by 9.4% during the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock worth $40,679,000 after buying an additional 16,464 shares during the last quarter. Bell Asset Management Ltd grew its holdings in shares of Marsh & McLennan Companies by 12.5% in the 4th quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider's stock valued at $6,896,000 after acquiring an additional 3,595 shares in the last quarter. Finally, Mariner LLC increased its position in shares of Marsh & McLennan Companies by 1.4% in the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider's stock valued at $95,275,000 after acquiring an additional 6,125 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on MMC shares. UBS Group boosted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Stock Performance

MMC opened at $214.22 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $105.55 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. The business has a fifty day simple moving average of $225.76 and a 200 day simple moving average of $225.03. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00.

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 the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the prior year, the company posted $2.89 earnings per share. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insider Transactions at Marsh & McLennan Companies

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

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.

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