Conning Inc. Sells 3,114 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Conning Inc. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,833 shares of the financial services provider's stock after selling 3,114 shares during the quarter. Conning Inc.'s holdings in Marsh & McLennan Companies were worth $4,352,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after buying an additional 2,960 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at $37,178,000. Fisher Asset Management LLC boosted its stake in Marsh & McLennan Companies by 72.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,993 shares of the financial services provider's stock valued at $424,000 after buying an additional 836 shares during the period. Jones Financial Companies Lllp boosted its stake in Marsh & McLennan Companies by 128.5% during the fourth quarter. Jones Financial Companies Lllp now owns 4,280 shares of the financial services provider's stock valued at $909,000 after buying an additional 2,407 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at $136,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Barclays boosted their price target 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. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Wells Fargo & Company upped their target price 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, Keefe, Bruyette & Woods decreased their target price on shares of 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 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded down $0.30 during midday trading on Friday, reaching $212.43. 1,711,836 shares of the stock traded hands, compared to its average volume of 1,966,173. 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 stock has a market capitalization of $104.67 billion, a PE ratio of 26.03, a P/E/G ratio of 2.64 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00. The company's 50 day moving average is $223.77 and its 200 day moving average is $224.73.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. During the same period last year, the company earned $2.89 earnings per share. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

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.