Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Hartline Investment Corp

Hartline Investment Corp trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 20.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,742 shares of the financial services provider's stock after selling 2,523 shares during the quarter. Hartline Investment Corp's holdings in Marsh & McLennan Companies were worth $2,377,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings 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 valued at $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $37,178,000. Fisher Asset Management LLC boosted its position in shares of Marsh & McLennan Companies by 72.3% in the fourth quarter. Fisher Asset Management LLC now owns 1,993 shares of the financial services provider's stock worth $424,000 after buying an additional 836 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Marsh & McLennan Companies by 128.5% during the 4th quarter. Jones Financial Companies Lllp now owns 4,280 shares of the financial services provider's stock valued at $909,000 after buying an additional 2,407 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $136,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $0.30 during trading on Friday, reaching $212.43. The stock had a trading volume of 1,711,836 shares, 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 P/E/G ratio of 2.64 and a beta of 0.80. The firm's 50 day moving average price is $223.91 and its two-hundred day moving average price is $224.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. During the same period in the prior year, the company earned $2.89 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective 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 target price 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. Barclays boosted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped 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 increased 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $241.93.

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.