Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 399.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,129 shares of the financial services provider’s stock after purchasing an additional 5,703 shares during the quarter. Simplicity Wealth LLC’s holdings in Marsh & McLennan Companies were worth $1,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $36,000. Ameriflex Group Inc. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $37,000. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth about $37,000. Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $39,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 2.0%

NYSE:MMC opened at $218.13 on Wednesday. The firm has a market capitalization of $107.48 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The stock has a 50 day moving average of $226.81 and a 200-day moving average of $225.64. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Wells Fargo & Company boosted their price target on 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. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target on the stock. UBS Group upped their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $241.93.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $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 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.