Exchange Traded Concepts LLC Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Exchange Traded Concepts LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 50.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,766 shares of the financial services provider's stock after purchasing an additional 7,680 shares during the quarter. Exchange Traded Concepts LLC's holdings in Marsh & McLennan Companies were worth $5,556,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $36,000. Ameriflex Group Inc. purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $37,000. Transce3nd LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $39,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $45,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MMC shares. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. UBS Group raised their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Barclays upped their target price 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, Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Trading Down 0.8%

MMC stock traded down $1.81 during mid-day trading on Thursday, hitting $214.22. 2,505,656 shares of the company were exchanged, compared to its average volume of 1,952,460. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00. The firm has a market capitalization of $105.55 billion, a P/E ratio of 26.25, a PEG ratio of 2.65 and a beta of 0.83. The business has a fifty day simple moving average of $225.76 and a 200-day simple moving average of $225.03. The company has a quick ratio of 1.14, a current 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 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 during the quarter, compared to analyst estimates of $7.08 billion. During the same period last year, the business posted $2.89 earnings per share. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insider Activity at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the 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 completion of the sale, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.