Running Oak Capital LLC Purchases 4,633 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Running Oak Capital LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,639 shares of the financial services provider's stock after buying an additional 4,633 shares during the period. Marsh & McLennan Companies comprises approximately 2.0% of Running Oak Capital LLC's investment portfolio, making the stock its 9th biggest holding. Running Oak Capital LLC's holdings in Marsh & McLennan Companies were worth $16,262,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $10,366,000. Bank Pictet & Cie Europe AG bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $37,178,000. Atria Wealth Solutions Inc. boosted its stake in Marsh & McLennan Companies by 5.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 9,008 shares of the financial services provider's stock valued at $1,913,000 after buying an additional 425 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in Marsh & McLennan Companies by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 5,725 shares of the financial services provider's stock valued at $1,216,000 after acquiring an additional 62 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Marsh & McLennan Companies Trading Down 1.5%

Shares of MMC traded down $3.32 during mid-day trading on Wednesday, reaching $216.35. 1,743,217 shares of the company were exchanged, compared to its average volume of 1,958,478. The business has a 50 day simple moving average of $224.51 and a two-hundred day simple moving average of $224.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $106.60 billion, a PE ratio of 26.51, a PEG ratio of 2.69 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the previous year, the company earned $2.89 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

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

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.