Marsh & McLennan Companies (NYSE:MMC) Stock Price Down 4.7% – Here’s Why

Marsh & McLennan Companies, Inc. (NYSE:MMC) shares traded down 4.7% during mid-day trading on Monday . The stock traded as low as $220.08 and last traded at $219.23. 390,213 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,919,667 shares. The stock had previously closed at $230.01.

Analyst Ratings Changes

A number of analysts have recently weighed in on MMC shares. UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 9th. Barclays upped their target price on shares of 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. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Finally, Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Trading Down 1.0%

The business’s 50-day moving average is $226.81 and its 200 day moving average is $225.64. The firm has a market capitalization of $106.37 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) 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 the consensus estimate 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 quarter in the prior year, the business posted $2.89 earnings per share. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In related news, 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 of the company’s stock, valued at $5,129,075. This trade represents a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MMC. Brighton Jones LLC grew its holdings in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $10,366,000. Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $41,000. Kestra Private Wealth Services LLC raised its stake in shares of Marsh & McLennan Companies by 9.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 10,999 shares of the financial services provider’s stock valued at $2,336,000 after acquiring an additional 937 shares during the last quarter. Finally, Savant Capital LLC grew its stake in shares of Marsh & McLennan Companies by 3.5% in the fourth quarter. Savant Capital LLC now owns 9,051 shares of the financial services provider’s stock worth $1,922,000 after purchasing an additional 310 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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.