Avity Investment Management Inc. Acquires 1,673 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Avity Investment Management Inc. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,843 shares of the financial services provider’s stock after purchasing an additional 1,673 shares during the quarter. Marsh & McLennan Companies makes up 3.4% of Avity Investment Management Inc.’s holdings, making the stock its 12th biggest position. Avity Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $41,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $210,000. Norway Savings Bank raised its holdings in Marsh & McLennan Companies by 6.0% in the 1st quarter. Norway Savings Bank now owns 6,166 shares of the financial services provider’s stock valued at $1,270,000 after acquiring an additional 350 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Marsh & McLennan Companies by 16.8% during the 1st quarter. Kathmere Capital Management LLC now owns 4,576 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 658 shares in the last quarter. Capital Asset Advisory Services LLC raised its stake in Marsh & McLennan Companies by 8.2% in the first quarter. Capital Asset Advisory Services LLC now owns 11,643 shares of the financial services provider’s stock valued at $2,394,000 after purchasing an additional 878 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies in the 1st quarter valued at about $25,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of NYSE:MMC traded down $0.22 during trading on Friday, reaching $210.72. 6,983,166 shares of the stock were exchanged, compared to its average volume of 1,660,440. The stock has a fifty day moving average of $206.87 and a two-hundred day moving average of $201.20. Marsh & McLennan Companies, Inc. has a 1-year low of $182.96 and a 1-year high of $216.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $103.83 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the company earned $2.53 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MMC shares. Jefferies Financial Group upped their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Bank of America increased their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $211.47.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the sale, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the sale, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.