Kelly Financial Services LLC Buys Shares of 919 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kelly Financial Services LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 919 shares of the financial services provider’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. City Holding Co. bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $37,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $36,000. Ameriflex Group Inc. acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $37,000. Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $39,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $41,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC opened at $217.30 on Thursday. The company has a fifty day moving average price of $226.56 and a two-hundred day moving average price of $225.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization 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 52 week low of $207.21 and a 52 week high of $248.00.

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, topping the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $2.89 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies 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 sale, the senior vice president now owns 13,522 shares of the company’s stock, valued at $3,326,412. This trade represents a 14.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 31st. The shares were 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 directly owns 20,935 shares in the company, valued at approximately $5,129,075. This represents a 31.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MMC. Barclays upped their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. UBS Group boosted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Finally, Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.