Avity Investment Management Inc. Has $42.91 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Avity Investment Management Inc. increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 202,019 shares of the financial services provider’s stock after purchasing an additional 2,266 shares during the quarter. Marsh & McLennan Companies makes up 3.4% of Avity Investment Management Inc.’s holdings, making the stock its 10th largest position. Avity Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $42,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. Dimensional Fund Advisors LP boosted its stake in shares of Marsh & McLennan Companies by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,978,875 shares of the financial services provider’s stock worth $416,994,000 after acquiring an additional 190,371 shares during the period. Citizens Financial Group Inc. RI boosted its position in Marsh & McLennan Companies by 17.6% during the second quarter. Citizens Financial Group Inc. RI now owns 7,494 shares of the financial services provider’s stock worth $1,579,000 after purchasing an additional 1,123 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Marsh & McLennan Companies by 21.3% in the second quarter. Renaissance Technologies LLC now owns 339,600 shares of the financial services provider’s stock valued at $71,561,000 after purchasing an additional 59,581 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at about $2,653,000. Finally, SYSTM Wealth Solutions LLC boosted its holdings in shares of Marsh & McLennan Companies by 4.8% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 33,585 shares of the financial services provider’s stock worth $7,077,000 after buying an additional 1,531 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MMC. Bank of America raised their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. BMO Capital Markets upped their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Up 1.0 %

Shares of MMC opened at $213.53 on Wednesday. The firm has a 50 day simple moving average of $219.17 and a two-hundred day simple moving average of $221.15. The company has a market cap of $104.87 billion, a P/E ratio of 26.30, a P/E/G ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. 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 (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the company earned $1.57 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

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.