Bridges Investment Management Inc. Acquires 25,869 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bridges Investment Management Inc. raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 52.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,274 shares of the financial services provider's stock after buying an additional 25,869 shares during the quarter. Bridges Investment Management Inc.'s holdings in Marsh & McLennan Companies were worth $18,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMC. Defined Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 1.5% in the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock valued at $780,000 after purchasing an additional 47 shares in the last quarter. Opus Capital Group LLC lifted its position in Marsh & McLennan Companies by 2.6% during the 1st quarter. Opus Capital Group LLC now owns 1,926 shares of the financial services provider's stock worth $470,000 after buying an additional 48 shares in the last quarter. Court Place Advisors LLC lifted its position in Marsh & McLennan Companies by 4.0% during the 1st quarter. Court Place Advisors LLC now owns 1,248 shares of the financial services provider's stock worth $305,000 after buying an additional 48 shares in the last quarter. DF Dent & Co. Inc. lifted its position in Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock worth $1,224,000 after buying an additional 49 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its position in Marsh & McLennan Companies by 4.1% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider's stock worth $268,000 after buying an additional 50 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MMC. Wells Fargo & Company upped 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. Barclays lowered their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Finally, Keefe, Bruyette & Woods cut their price objective 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $240.79.

Marsh & McLennan Companies Trading Down 0.0%

NYSE:MMC traded down $0.03 on Wednesday, reaching $213.14. 101,056 shares of the stock traded hands, compared to its average volume of 1,965,427. The firm has a market capitalization of $105.02 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80. The company's 50 day moving average is $223.44 and its 200-day moving average is $224.76. 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 1-year low of $207.21 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter last year, the firm posted $2.89 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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.

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