Truist Financial Corp Cuts Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Truist Financial Corp cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 360,865 shares of the financial services provider's stock after selling 5,265 shares during the period. Truist Financial Corp owned approximately 0.07% of Marsh & McLennan Companies worth $88,062,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Mills Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies in the first quarter worth $218,000. Catalyst Capital Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 45.0% during the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the financial services provider's stock valued at $257,000 after acquiring an additional 327 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of Marsh & McLennan Companies by 9.1% during the first quarter. IFM Investors Pty Ltd now owns 96,686 shares of the financial services provider's stock valued at $21,570,000 after acquiring an additional 8,057 shares during the last quarter. Calamos Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 1.2% during the first quarter. Calamos Wealth Management LLC now owns 52,736 shares of the financial services provider's stock valued at $12,869,000 after acquiring an additional 631 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 4.5% during the first quarter. Calamos Advisors LLC now owns 276,184 shares of the financial services provider's stock valued at $67,397,000 after acquiring an additional 11,992 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.1%

MMC traded up $0.24 during midday trading on Tuesday, reaching $213.40. The company's stock had a trading volume of 704,223 shares, compared to its average volume of 2,193,600. The firm has a market capitalization of $105.15 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.64 and a beta of 0.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00. The stock's 50-day moving average is $223.62 and its 200-day moving average is $224.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the company earned $2.89 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. UBS Group increased their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Redburn Atlantic assumed 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 target for the company. Wells Fargo & Company increased 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 research note on Thursday, April 10th. Finally, Barclays decreased their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday. 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $240.79.

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.