City Holding Co. Purchases Shares of 150 Marsh & McLennan Companies, Inc. (NYSE:MMC)

City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 150 shares of the financial services provider’s stock, valued at approximately $37,000.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Ameriflex Group Inc. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $37,000. Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MMC shares. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. Barclays boosted 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 note on Friday, April 11th. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $241.93.

Insider Activity

In other news, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $5,129,075. The trade was a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $218.13 on Wednesday. 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, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00. The company has a market capitalization of $107.48 billion, a PE ratio of 26.63, a P/E/G ratio of 2.70 and a beta of 0.83. The company has a fifty day moving average of $226.81 and a two-hundred day moving average of $225.64.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the prior year, the firm posted $2.89 earnings per share. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

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.