GAMMA Investing LLC Raises Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

GAMMA Investing LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 32.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,211 shares of the financial services provider's stock after purchasing an additional 1,507 shares during the quarter. GAMMA Investing LLC's holdings in Marsh & McLennan Companies were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Parisi Gray Wealth Management acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at about $947,000. Annex Advisory Services LLC lifted its stake in shares of Marsh & McLennan Companies by 2.1% in the 1st quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock valued at $15,447,000 after purchasing an additional 1,288 shares during the last quarter. Bell Asset Management Ltd increased its position in Marsh & McLennan Companies by 12.5% during the fourth quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider's stock worth $6,896,000 after buying an additional 3,595 shares during the last quarter. Mariner LLC raised its holdings in Marsh & McLennan Companies by 1.4% during the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider's stock valued at $95,275,000 after buying an additional 6,125 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 13.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 130,509 shares of the financial services provider's stock worth $27,721,000 after buying an additional 15,079 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMC has been the topic of several analyst reports. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of 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 lifted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped 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 report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $1.19 on Tuesday, reaching $217.45. The stock had a trading volume of 833,894 shares, compared to its average volume of 1,941,983. 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, Inc. has a 12 month low of $207.21 and a 12 month high of $248.00. The firm's 50-day moving average is $224.21 and its two-hundred day moving average is $224.77. The firm has a market capitalization of $107.14 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 2.66 and a beta of 0.83.

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 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 analysts' expectations of $7.08 billion. During the same period last year, the firm posted $2.89 EPS. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the business's 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 sale, the senior vice president directly owned 13,522 shares of the company's stock, valued at $3,326,412. The trade was a 14.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies 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.