Brighton Jones LLC Acquires 1,367 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Brighton Jones LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,105 shares of the financial services provider's stock after acquiring an additional 1,367 shares during the period. Brighton Jones LLC's holdings in Marsh & McLennan Companies were worth $2,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Modera Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after purchasing an additional 46 shares during the period. Defined Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock worth $780,000 after buying an additional 47 shares during the period. DF Dent & Co. Inc. boosted 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 valued at $1,224,000 after acquiring an additional 49 shares in the last quarter. New England Professional Planning Group Inc. raised its position in shares of Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after acquiring an additional 50 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of 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 valued at $268,000 after buying an additional 50 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MMC shares. Barclays raised their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. UBS Group upped their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Redburn Atlantic initiated 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 target for the company. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Price Performance

Shares of MMC traded down $1.81 during mid-day trading on Thursday, hitting $214.22. 2,505,656 shares of the stock were exchanged, compared to its average volume of 1,952,460. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $105.55 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a 52-week low of $207.21 and a 52-week high of $248.00. The firm has a 50-day moving average of $225.76 and a two-hundred day moving average of $225.03.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates 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 firm 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 firm posted $2.89 EPS. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insider Buying and Selling

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

Marsh & McLennan Companies Company 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.