Impax Asset Management Group plc Decreases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Impax Asset Management Group plc lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 71.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 440,881 shares of the financial services provider's stock after selling 1,109,830 shares during the period. Impax Asset Management Group plc owned approximately 0.09% of Marsh & McLennan Companies worth $106,441,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. City Holding Co. purchased a new stake in Marsh & McLennan Companies during the first quarter valued at $37,000. Ameriflex Group Inc. bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $37,000. Garde Capital Inc. purchased a new position in shares of Marsh & McLennan Companies in the first quarter worth approximately $42,000. Transce3nd LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $39,000. Finally, First Pacific Financial raised its position in Marsh & McLennan Companies by 133.8% in the first quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock worth $46,000 after acquiring an additional 107 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MMC has been the topic of a number of recent research reports. Barclays raised their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. UBS Group increased their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company upped their price target 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. Finally, Jefferies Financial Group raised 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 report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Trading Down 0.1%

Shares of Marsh & McLennan Companies stock opened at $212.43 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average price of $223.77 and a 200-day moving average price of $224.62. The firm has a market cap of $104.67 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.64 and a beta of 0.80.

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, beating the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. During the same quarter last year, the business posted $2.89 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

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.

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