PICTET BANK & TRUST Ltd Has $2.05 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

PICTET BANK & TRUST Ltd boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,395 shares of the financial services provider’s stock after acquiring an additional 1,699 shares during the period. Marsh & McLennan Companies accounts for about 2.5% of PICTET BANK & TRUST Ltd’s holdings, making the stock its 15th biggest position. PICTET BANK & TRUST Ltd’s holdings in Marsh & McLennan Companies were worth $2,049,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $37,178,000. Fisher Asset Management LLC lifted its position in shares of Marsh & McLennan Companies by 72.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,993 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 836 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of Marsh & McLennan Companies by 12.0% during the fourth quarter. Jacobi Capital Management LLC now owns 1,092 shares of the financial services provider’s stock valued at $232,000 after buying an additional 117 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in Marsh & McLennan Companies by 6,913.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,034 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 2,005 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president directly owned 13,522 shares in the company, valued at $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.4%

NYSE:MMC opened at $217.80 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50-day moving average of $224.17 and a 200 day moving average of $224.72. 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 $107.32 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.68 and a beta of 0.80.

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 during the quarter, compared to analyst estimates of $7.08 billion. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MMC shares. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Keefe, Bruyette & Woods decreased their target price 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. Wells Fargo & Company increased their price objective 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. Jefferies Financial Group upped 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. Finally, Barclays raised their price target 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.