Everence Capital Management Inc. Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Everence Capital Management Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 63.5% during the 4th quarter, Holdings Channel reports. The firm owned 16,120 shares of the financial services provider’s stock after purchasing an additional 6,260 shares during the quarter. Everence Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $3,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Carmichael Hill & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the third quarter valued at about $31,000. Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $41,000. Bangor Savings Bank bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $46,000. Finally, Sachetta LLC raised its holdings in shares of Marsh & McLennan Companies by 36.4% during the 2nd quarter. Sachetta LLC now owns 210 shares of the financial services provider’s stock valued at $47,000 after buying an additional 56 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI reissued an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Finally, UBS Group raised their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $228.47.

Marsh & McLennan Companies Trading Up 0.5 %

MMC stock traded up $1.04 during trading on Friday, reaching $212.38. The company had a trading volume of 258,389 shares, compared to its average volume of 931,720. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50. The business has a 50 day moving average of $220.77 and a 200 day moving average of $221.13. The company has a market cap of $104.30 billion, a P/E ratio of 26.16, a PEG ratio of 2.59 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results 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 return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

About Marsh & McLennan Companies

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.