Asset Management One Co. Ltd. Buys 12,592 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Asset Management One Co. Ltd. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 222,158 shares of the financial services provider's stock after purchasing an additional 12,592 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Marsh & McLennan Companies were worth $54,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parisi Gray Wealth Management bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $947,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Marsh & McLennan Companies by 101.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock valued at $25,270,000 after buying an additional 52,218 shares during the last quarter. Annex Advisory Services LLC lifted its position in Marsh & McLennan Companies by 2.1% in the 1st quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock valued at $15,447,000 after acquiring an additional 1,288 shares in the last quarter. Bell Asset Management Ltd increased its holdings in Marsh & McLennan Companies by 12.5% during the 4th quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider's stock worth $6,896,000 after purchasing an additional 3,595 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its stake in shares of Marsh & McLennan Companies by 20.9% in the first quarter. Bank Pictet & Cie Europe AG now owns 211,674 shares of the financial services provider's stock worth $51,655,000 after purchasing an additional 36,643 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MMC. Barclays boosted their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Wells Fargo & Company increased their target price 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. Finally, UBS Group upped their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Two 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's stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded up $0.64 during midday trading on Tuesday, reaching $219.75. 1,575,524 shares of the stock were exchanged, compared to its average volume of 1,957,528. The company's fifty day moving average is $224.76 and its 200-day moving average is $224.70. The firm has a market cap of $108.28 billion, a PE ratio of 26.93, a PEG ratio of 2.65 and a beta of 0.83. 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 52 week low of $207.21 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly 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. The firm 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 16.13% and a return on equity of 32.19%. During the same quarter in the prior year, the firm earned $2.89 EPS. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

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.