Calamos Advisors LLC Acquires 11,992 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Advisors LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 276,184 shares of the financial services provider's stock after purchasing an additional 11,992 shares during the quarter. Calamos Advisors LLC owned 0.06% of Marsh & McLennan Companies worth $67,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Marsh & McLennan Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock valued at $9,503,120,000 after purchasing an additional 356,618 shares during the period. Geode Capital Management LLC raised its stake in Marsh & McLennan Companies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock valued at $2,554,841,000 after purchasing an additional 145,134 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Marsh & McLennan Companies by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after purchasing an additional 96,750 shares during the period. Northern Trust Corp increased its stake in shares of Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock worth $1,260,513,000 after acquiring an additional 726,713 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $1,236,186,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. UBS Group increased their price objective on 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 increased their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Finally, Barclays raised their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $0.30 during mid-day trading on Friday, hitting $212.43. The company had a trading volume of 1,711,836 shares, compared to its average volume of 1,963,196. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The business's 50-day simple moving average is $223.91 and its 200-day simple moving average is $224.63. Marsh & McLennan Companies, Inc. has a 12 month low of $207.21 and a 12 month high of $248.00. The firm has a market cap of $104.67 billion, a P/E ratio of 26.03, a PEG ratio of 2.64 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share 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 during the quarter, compared to analysts' expectations of $7.08 billion. During the same quarter last year, the company earned $2.89 earnings per share. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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.