SG Americas Securities LLC Has $27.58 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

SG Americas Securities LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3,146.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 113,016 shares of the financial services provider’s stock after buying an additional 109,535 shares during the quarter. SG Americas Securities LLC’s holdings in Marsh & McLennan Companies were worth $27,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 0.8% during 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 purchasing an additional 356,618 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 1.2% during 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 purchasing an additional 145,134 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Marsh & McLennan Companies by 1.0% during 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 purchasing an additional 96,750 shares during the last quarter. Northern Trust Corp lifted its position in shares of Marsh & McLennan Companies by 14.0% during 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 purchasing an additional 726,713 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $1,236,186,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 2.0%

MMC stock opened at $218.13 on Wednesday. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00. The firm has a market cap of $107.48 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.70 and a beta of 0.83. The business’s 50 day moving average is $226.81 and its 200-day moving average is $225.64. 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 released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion for 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 posted $2.89 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MMC. Barclays boosted their price target on 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. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target on the stock. UBS Group boosted their price target 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, Wells Fargo & Company boosted their price target on 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $241.93.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $5,129,075. This represents a 31.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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.