Miracle Mile Advisors LLC Has $2.72 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Miracle Mile Advisors LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,784 shares of the financial services provider’s stock after selling 594 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. 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 valued at $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $41,000. Bangor Savings Bank acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth $46,000. Finally, Richardson Financial Services Inc. boosted its position in Marsh & McLennan Companies by 390.9% during the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 215 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’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 transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $211.64 on Tuesday. The company’s fifty day moving average is $219.33 and its two-hundred day moving average is $221.13. The firm has a market capitalization of $103.94 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 2.59 and a beta of 0.96. 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.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Wall Street Analyst Weigh In

MMC has been the topic of several research reports. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday. Finally, The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $228.60.

About Marsh & McLennan Companies

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.