Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,089 shares of the financial services provider’s stock after purchasing an additional 1,463 shares during the quarter. Moran Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $3,194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $37,000. City Holding Co. acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth $37,000. Transce3nd LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter worth $39,000. Garde Capital Inc. acquired a new position in Marsh & McLennan Companies in the first quarter valued at $42,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the subject of several analyst reports. Barclays upped their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price objective on the stock. UBS Group raised their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group boosted their price target 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $241.93.

Marsh & McLennan Companies Price Performance

MMC stock opened at $216.35 on Thursday. The firm has a 50 day moving average of $224.22 and a 200-day moving average of $224.61. The company has a market cap of $106.60 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.69 and a beta of 0.83. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the business earned $2.89 earnings per share. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Dean Michael Klisura sold 9,569 shares of the company’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 sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $5,129,075. This represents a 31.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at $3,326,412. The trade was a 14.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

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.