Nisa Investment Advisors LLC Sells 3,459 Shares of Marsh & McLennan Companies, Inc. $MMC

Nisa Investment Advisors LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% during the third quarter, HoldingsChannel.com reports. The firm owned 152,759 shares of the financial services provider’s stock after selling 3,459 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $30,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in MMC. Vanguard Group Inc. boosted its position in shares of Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after acquiring an additional 837,117 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after purchasing an additional 196,475 shares in the last quarter. Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth $1,328,587,000. Artisan Partners Limited Partnership lifted its position in shares of Marsh & McLennan Companies by 0.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock worth $752,877,000 after buying an additional 32,118 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Marsh & McLennan Companies by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,901,598 shares of the financial services provider’s stock valued at $634,405,000 after buying an additional 43,462 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

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

Marsh & McLennan Companies Trading Up 2.2%

Shares of MMC stock opened at $186.90 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a market cap of $91.56 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.87 and a beta of 0.76. The stock has a 50-day moving average of $183.02 and a 200-day moving average of $196.70.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on MMC. TD Cowen dropped their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. UBS Group dropped their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $222.41.

About Marsh & McLennan Companies

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.