McElhenny Sheffield Capital Management LLC Sells 437 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

by · The Cerbat Gem

McElhenny Sheffield Capital Management LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 11.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,480 shares of the financial services provider’s stock after selling 437 shares during the quarter. Marsh & McLennan Companies accounts for 0.3% of McElhenny Sheffield Capital Management LLC’s portfolio, making the stock its 28th biggest holding. McElhenny Sheffield Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $662,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nilsine Partners LLC grew its position in shares of Marsh & McLennan Companies by 0.8% during the 2nd quarter. Nilsine Partners LLC now owns 6,386 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 52 shares in the last quarter. Ignite Planners LLC boosted its position in Marsh & McLennan Companies by 4.3% during the third quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 52 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Marsh & McLennan Companies by 40.5% during the second quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 53 shares in the last quarter. Citizens & Northern Corp boosted its position in Marsh & McLennan Companies by 0.8% during the second quarter. Citizens & Northern Corp now owns 6,703 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 53 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its position in Marsh & McLennan Companies by 4.7% during the second quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.1 %

Shares of NYSE:MMC opened at $187.76 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $151.86 and a 52-week high of $202.81. The stock has a market cap of $92.58 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.17 and a beta of 0.95. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $194.50 and a 200-day moving average price of $190.96.

Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.18. The firm had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Marsh & McLennan Companies had a return on equity of 34.01% and a net margin of 15.61%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $1.18 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MMC. Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $195.00 to $200.00 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Morgan Stanley raised their price objective on Marsh & McLennan Companies from $205.00 to $215.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods downgraded Marsh & McLennan Companies from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $198.00 to $192.00 in a research report on Friday, December 15th. Raymond James increased their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Finally, StockNews.com cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $200.71.

Get Our Latest Stock Report on MMC

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CMO John Jude Jones sold 4,908 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $193.08, for a total value of $947,636.64. Following the sale, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at $1,540,392.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Profile

(Free Report)

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 in two segments, Risk and Insurance Services, and Consulting. 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.

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