Donaldson Capital Management LLC Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Donaldson Capital Management LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,203 shares of the financial services provider's stock after purchasing an additional 6,308 shares during the quarter. Marsh & McLennan Companies comprises about 2.3% of Donaldson Capital Management LLC's portfolio, making the stock its 15th biggest holding. Donaldson Capital Management LLC owned approximately 0.05% of Marsh & McLennan Companies worth $61,545,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth $37,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at about $39,000. Finally, Golden State Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $41,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 1.0%

Shares of NYSE MMC traded down $2.21 during mid-day trading on Friday, reaching $217.19. 1,574,516 shares of the company's stock traded hands, compared to its average volume of 1,933,764. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day simple moving average of $226.47 and a 200 day simple moving average of $225.50. The stock has a market cap of $107.02 billion, a P/E ratio of 26.52, a PEG ratio of 2.70 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business 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 32.60% and a net margin of 16.60%. During the same quarter in the previous year, the business earned $2.89 EPS. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased 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 note on Monday, April 21st. Jefferies Financial Group upped their price objective 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. Wells Fargo & Company raised their target price on 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. Barclays raised their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Finally, UBS Group boosted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. 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 stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $241.93.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at $3,326,412. This trade represents a 14.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This trade represents 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 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.