Calamos Wealth Management LLC Grows Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Wealth Management LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 52,736 shares of the financial services provider’s stock after acquiring an additional 631 shares during the period. Calamos Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $12,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MMC. Norges Bank purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $1,236,186,000. Stifel Financial Corp boosted its position in Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock valued at $472,599,000 after buying an additional 1,883,146 shares during the last quarter. Amundi raised its position in Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after buying an additional 1,823,807 shares during the last quarter. GAMMA Investing LLC lifted its stake in Marsh & McLennan Companies by 32,120.9% during the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock valued at $369,869,000 after acquiring an additional 1,510,966 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $207,278,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Down 0.1%

Shares of NYSE:MMC opened at $212.43 on Friday. The firm has a market capitalization of $104.67 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80. The business’s 50 day moving average price is $223.91 and its 200-day moving average price is $224.63. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (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 quarter last year, the business earned $2.89 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports 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 report on Wednesday, April 9th. Wells Fargo & Company lifted 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. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. Barclays boosted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. 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 note on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $241.93.

Marsh & McLennan Companies 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.