JLB & Associates Inc. Has $14.85 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

JLB & Associates Inc. cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,869 shares of the financial services provider's stock after selling 2,885 shares during the period. Marsh & McLennan Companies accounts for about 2.1% of JLB & Associates Inc.'s investment portfolio, making the stock its 22nd biggest position. JLB & Associates Inc.'s holdings in Marsh & McLennan Companies were worth $14,854,000 at the end of the most recent reporting period.

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

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $1.46 during trading on Wednesday, reaching $214.57. 613,135 shares of the company's stock were exchanged, compared to its average volume of 1,943,974. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The stock has a market capitalization of $105.73 billion, a PE ratio of 26.34, a PEG ratio of 2.65 and a beta of 0.83. The firm's fifty day moving average price is $226.07 and its 200-day moving average price is $225.10. 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 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same period in the previous year, the business earned $2.89 earnings per share. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insider Activity

In other news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction 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 transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $5,129,075. The trade was a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut 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. 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 for the company. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Barclays increased their target price 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. Finally, Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.