KBC Group NV Sells 3,769 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

KBC Group NV reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,069 shares of the financial services provider's stock after selling 3,769 shares during the period. KBC Group NV's holdings in Marsh & McLennan Companies were worth $24,176,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parisi Gray Wealth Management bought a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $947,000. Wealth Enhancement Advisory Services LLC increased its position in Marsh & McLennan Companies by 101.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock worth $25,270,000 after buying an additional 52,218 shares during the period. Annex Advisory Services LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.1% during the first quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock worth $15,447,000 after buying an additional 1,288 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at about $977,000. Finally, Oppenheimer Asset Management Inc. increased its position in Marsh & McLennan Companies by 15.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 80,667 shares of the financial services provider's stock worth $19,685,000 after acquiring an additional 10,853 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MMC shares. Barclays raised 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. Jefferies Financial Group increased 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. Keefe, Bruyette & Woods reduced 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 research note on Monday, April 21st. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Finally, UBS Group increased their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Trading Down 2.4%

Shares of MMC stock traded down $5.22 during trading hours on Wednesday, hitting $212.61. 3,994,305 shares of the company's stock traded hands, compared to its average volume of 1,959,487. 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 stock has a market cap of $104.76 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80. The stock's 50 day simple moving average is $224.17 and its 200 day simple moving average is $224.72.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its 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. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $2.89 EPS. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insider Transactions at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president directly owned 13,522 shares of the company's stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.