DAVENPORT & Co LLC Purchases 9,819 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

DAVENPORT & Co LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 100,875 shares of the financial services provider's stock after purchasing an additional 9,819 shares during the period. DAVENPORT & Co LLC's holdings in Marsh & McLennan Companies were worth $24,616,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MMC. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $37,178,000. Fisher Asset Management LLC lifted its position in shares of Marsh & McLennan Companies by 72.3% during the 4th quarter. Fisher Asset Management LLC now owns 1,993 shares of the financial services provider's stock worth $424,000 after purchasing an additional 836 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 12.0% during the 4th quarter. Jacobi Capital Management LLC now owns 1,092 shares of the financial services provider's stock worth $232,000 after purchasing an additional 117 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in Marsh & McLennan Companies by 6,913.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,034 shares of the financial services provider's stock valued at $432,000 after acquiring an additional 2,005 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MMC. 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 research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Two investment 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Price Performance

NYSE MMC traded down $0.30 during trading hours on Thursday, reaching $212.43. 1,711,836 shares of the company's stock were exchanged, compared to its average volume of 1,963,196. The stock has a market cap of $104.67 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.61 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 firm has a fifty day moving average of $223.91 and a 200-day moving average of $224.63. 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 (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $2.89 EPS. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal 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.