Oregon Public Employees Retirement Fund Has $11.33 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

Oregon Public Employees Retirement Fund boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 32.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,227 shares of the financial services provider’s stock after purchasing an additional 13,684 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Marsh & McLennan Companies were worth $11,331,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MMC. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the second quarter valued at about $29,000. Westside Investment Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at approximately $32,000. TruNorth Capital Management LLC acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Finally, Access Investment Management LLC bought a new position in Marsh & McLennan Companies in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $185.94 on Friday. The business has a 50-day moving average of $183.18 and a 200-day moving average of $196.46. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $91.09 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 EPS. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MMC shares. Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target for the company. Barclays upped their target price on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $222.41.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.