Essex LLC Has $4.68 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Essex LLC reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,170 shares of the financial services provider's stock after selling 1,618 shares during the quarter. Marsh & McLennan Companies accounts for 1.0% of Essex LLC's portfolio, making the stock its 22nd largest position. Essex LLC's holdings in Marsh & McLennan Companies were worth $4,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Modera Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after acquiring an additional 46 shares in the last quarter. Defined Wealth Management LLC raised its position in Marsh & McLennan Companies by 1.5% in the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock valued at $780,000 after purchasing an additional 47 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock worth $1,224,000 after purchasing an additional 49 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Marsh & McLennan Companies by 4.1% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider's stock worth $268,000 after purchasing an additional 50 shares during the last quarter. Finally, Citizens & Northern Corp raised its holdings in shares of Marsh & McLennan Companies by 0.6% in the first quarter. Citizens & Northern Corp now owns 8,333 shares of the financial services provider's stock valued at $2,034,000 after buying an additional 51 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $216.99 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $200.00 and a 1-year high of $248.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The firm has a market cap of $106.92 billion, a PE ratio of 26.59, a P/E/G ratio of 2.66 and a beta of 0.83. The business's 50-day moving average price is $224.07 and its two-hundred day moving average price is $224.74.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data 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 return on equity of 32.19% and a net margin of 16.13%. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. During the same quarter in the previous year, the business posted $2.89 EPS. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Jefferies Financial Group increased their price target on shares of 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 price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Finally, UBS Group lifted their target price 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company's stock.

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.

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