Horizon Bancorp Inc. IN Raises Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Horizon Bancorp Inc. IN boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 798 shares of the financial services provider’s stock after purchasing an additional 149 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Marsh & McLennan Companies were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. Westover Capital Advisors LLC boosted its stake in Marsh & McLennan Companies by 3.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after buying an additional 53 shares in the last quarter. Evoke Wealth LLC raised its position in Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 53 shares during the period. RDA Financial Network boosted its position in Marsh & McLennan Companies by 3.1% during the first quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after buying an additional 53 shares during the period. Optas LLC grew its stake in shares of Marsh & McLennan Companies by 2.9% during the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock valued at $387,000 after buying an additional 53 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the subject of several recent research reports. Bank of America boosted their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Morgan Stanley raised their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. TD Cowen upped their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $210.00 to $228.00 and gave the stock a “sector perform” rating in a research note on Friday, June 28th. Finally, UBS Group increased their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $211.47.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 6,000 shares of the firm’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 transaction, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded up $0.91 during midday trading on Thursday, reaching $212.90. 784,564 shares of the company’s stock traded hands, compared to its average volume of 1,857,600. Marsh & McLennan Companies, Inc. has a one year low of $183.81 and a one year high of $216.89. The stock has a 50 day moving average of $207.49 and a 200 day moving average of $201.58. The company has a market cap of $104.90 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 3.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

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

Marsh & McLennan Companies 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.