Union Bancaire Privee UBP SA Purchases 69,314 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Union Bancaire Privee UBP SA boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 139.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,911 shares of the financial services provider’s stock after buying an additional 69,314 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Marsh & McLennan Companies were worth $28,487,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MMC. Brighton Jones LLC boosted its position in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $41,000. Kestra Private Wealth Services LLC increased its holdings in Marsh & McLennan Companies by 9.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 10,999 shares of the financial services provider’s stock worth $2,336,000 after buying an additional 937 shares during the last quarter. Savant Capital LLC raised its position in Marsh & McLennan Companies by 3.5% during the fourth quarter. Savant Capital LLC now owns 9,051 shares of the financial services provider’s stock worth $1,922,000 after acquiring an additional 310 shares in the last quarter. Finally, Essex Financial Services Inc. grew its position in shares of Marsh & McLennan Companies by 91.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,491 shares of the financial services provider’s stock valued at $1,379,000 after acquiring an additional 3,098 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $217.30 on Thursday. The business’s 50-day moving average price is $226.56 and its two-hundred day moving average price is $225.58. The stock has a market cap of $107.07 billion, a PE ratio of 26.53, a P/E/G ratio of 2.70 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

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

Insiders Place Their Bets

In related news, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were 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 in the company, valued at $5,129,075. This represents a 31.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on shares of 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. UBS Group boosted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Jefferies Financial Group upped their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, 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 for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $241.93.

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.