Alley Investment Management Company LLC Takes $203,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Alley Investment Management Company LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 830 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other institutional investors also recently bought and sold shares of MMC. Modera Wealth Management LLC boosted its position in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 46 shares in the last quarter. Defined Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 1.5% during the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock worth $780,000 after buying an additional 47 shares during the period. DF Dent & Co. Inc. lifted its position in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock valued at $1,224,000 after buying an additional 49 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in Marsh & McLennan Companies by 4.1% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 50 shares in the last quarter. Finally, Citizens & Northern Corp raised its position in Marsh & McLennan Companies by 0.6% during the first quarter. Citizens & Northern Corp now owns 8,333 shares of the financial services provider’s stock worth $2,034,000 after acquiring an additional 51 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

NYSE MMC traded down $4.64 during mid-day trading on Wednesday, hitting $213.20. The stock had a trading volume of 357,095 shares, compared to its average volume of 1,944,526. The company has a 50 day simple moving average of $224.17 and a 200 day simple moving average of $224.72. The company has a market cap of $105.05 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 2.68 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a 52-week low of $207.21 and a 52-week high of $248.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly 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. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the prior year, the business earned $2.89 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred 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 owned 13,522 shares of the company’s stock, valued at $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MMC has been the subject of several research reports. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective for the company. 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 research note on Wednesday, April 9th. Wells Fargo & Company raised their target price 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. Keefe, Bruyette & Woods lowered 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 report on Monday, April 21st. Finally, Jefferies Financial Group raised their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Two investment 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. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus 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.