Trust Point Inc. Sells 1,184 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Trust Point Inc. lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 39.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,821 shares of the financial services provider's stock after selling 1,184 shares during the quarter. Trust Point Inc.'s holdings in Marsh & McLennan Companies were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. City Holding Co. bought a new position in Marsh & McLennan Companies in the 1st quarter valued at $37,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $36,000. Ameriflex Group Inc. bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $37,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $39,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $45,000. Institutional investors own 87.99% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MMC shares. Keefe, Bruyette & Woods dropped their price target on 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. UBS Group increased 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. Barclays increased their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Finally, Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $241.93.

Insider Activity

In related news, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now directly owns 13,522 shares of the company's stock, valued at $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Trading Down 0.4%

Marsh & McLennan Companies stock opened at $216.49 on Tuesday. The stock has a 50-day moving average of $226.35 and a two-hundred day moving average of $225.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The stock has a market cap of $106.67 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83.

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 company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period last year, the business posted $2.89 earnings per share. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

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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