MV Capital Management Inc. Raises Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

MV Capital Management Inc. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 134.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,046 shares of the financial services provider’s stock after purchasing an additional 600 shares during the period. MV Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock worth $9,503,120,000 after acquiring an additional 356,618 shares during the period. Geode Capital Management LLC grew its stake in Marsh & McLennan Companies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock worth $2,554,841,000 after acquiring an additional 145,134 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Marsh & McLennan Companies by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider’s stock worth $2,156,179,000 after acquiring an additional 96,750 shares during the period. Northern Trust Corp grew its stake in Marsh & McLennan Companies by 14.0% in the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider’s stock worth $1,260,513,000 after acquiring an additional 726,713 shares during the period. Finally, Norges Bank purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $1,236,186,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on MMC shares. UBS Group lifted 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. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price objective 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. Finally, Barclays boosted their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $218.13 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $107.48 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.70 and a beta of 0.83. The firm’s fifty day simple moving average is $226.81 and its 200 day simple moving average is $225.64. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the previous year, the business posted $2.89 EPS. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the business’s 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 owns 20,935 shares in the company, valued at $5,129,075. The trade was a 31.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $550,302.00. Following the completion of the sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company 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.