Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Increased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,305 shares of the financial services provider’s stock after purchasing an additional 1,141 shares during the quarter. Ritholtz Wealth Management’s holdings in Marsh & McLennan Companies were worth $2,515,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MMC. Parisi Gray Wealth Management bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $947,000. Annex Advisory Services LLC raised its holdings in Marsh & McLennan Companies by 2.1% during the first quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider’s stock worth $15,447,000 after purchasing an additional 1,288 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Marsh & McLennan Companies by 9.4% during the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock valued at $40,679,000 after purchasing an additional 16,464 shares in the last quarter. Bell Asset Management Ltd increased its position in shares of Marsh & McLennan Companies by 12.5% during the 4th quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider’s stock valued at $6,896,000 after purchasing an additional 3,595 shares during the period. Finally, Mariner LLC raised its stake in shares of Marsh & McLennan Companies by 1.4% in the 4th quarter. Mariner LLC now owns 448,546 shares of the financial services provider’s stock worth $95,275,000 after buying an additional 6,125 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Dean Michael Klisura sold 9,569 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $5,129,075. The trade was a 31.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Paul Beswick sold 2,237 shares of the firm’s 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 now directly owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was 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 corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MMC shares. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a report on Thursday, April 10th. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price for the company. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. Finally, Barclays raised their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Trading Down 1.0%

Shares of NYSE MMC opened at $217.19 on Monday. The firm has a market capitalization of $107.02 billion, a PE ratio of 26.52, a PEG ratio of 2.70 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year 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. The business has a 50-day moving average price of $226.42 and a two-hundred day moving average price of $225.29.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the previous year, the firm posted $2.89 earnings per share. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Company 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.