Geneva Partners LLC Acquires New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Geneva Partners LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,148 shares of the financial services provider's stock, valued at approximately $4,673,000. Marsh & McLennan Companies makes up 2.4% of Geneva Partners LLC's portfolio, making the stock its 15th largest position.

Several other large investors have also modified their holdings of the stock. City Holding Co. purchased a new stake in Marsh & McLennan Companies in the 1st quarter valued at $37,000. Ameriflex Group Inc. purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at about $37,000. Garde Capital Inc. purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at about $42,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $39,000. Finally, First Pacific Financial boosted its stake in shares of Marsh & McLennan Companies by 133.8% during the 1st quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock worth $46,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Up 0.0%

MMC stock traded up $0.03 during mid-day trading on Tuesday, hitting $213.19. 2,124,360 shares of the company were exchanged, compared to its average volume of 1,969,962. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. 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 $105.04 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.64 and a beta of 0.80. The firm's 50 day simple moving average is $223.62 and its 200 day simple moving average is $224.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same period in the previous year, the business posted $2.89 earnings per share. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. 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 research report on Wednesday, April 9th. Barclays decreased their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Jefferies Financial Group boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $240.79.

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.