First Financial Corp IN Invests $64,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

First Financial Corp IN bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 303 shares of the financial services provider’s stock, valued at approximately $64,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MMC. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $3,710,000. Czech National Bank raised its stake in Marsh & McLennan Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after acquiring an additional 6,282 shares during the period. Geode Capital Management LLC lifted its holdings in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Citigroup Inc. boosted its position in shares of Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares during the period. Finally, Kinsale Capital Group Inc. raised its position in shares of Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research note on Friday. Finally, Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Trading Up 1.2 %

Shares of MMC opened at $211.64 on Tuesday. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company’s fifty day simple moving average is $219.33 and its 200-day simple moving average is $221.13. The company has a market cap of $103.94 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.59 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

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.