Catalina Capital Group LLC Has $264,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Catalina Capital Group LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 52.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,082 shares of the financial services provider's stock after selling 1,213 shares during the quarter. Catalina Capital Group LLC's holdings in Marsh & McLennan Companies were worth $264,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $37,000. City Holding Co. purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth about $37,000. Transce3nd LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $39,000. Halbert Hargrove Global Advisors LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at about $45,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction on 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 owns 20,935 shares of the company's stock, valued at approximately $5,129,075. The trade was a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.8%

Shares of NYSE MMC traded down $1.81 during mid-day trading on Thursday, reaching $214.22. 2,505,656 shares of the company traded hands, compared to its average volume of 1,952,460. The company's fifty day moving average is $225.76 and its two-hundred day moving average is $225.03. 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 fifty-two week low of $207.21 and a fifty-two week high of $248.00. The stock 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 (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter last year, the company posted $2.89 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MMC. Keefe, Bruyette & Woods lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Barclays lifted 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. Finally, UBS Group upped their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. 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 stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $241.93.

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.