Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,667 shares of the financial services provider's stock after purchasing an additional 10,853 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Marsh & McLennan Companies were worth $19,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Norges Bank purchased a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $1,236,186,000. Stifel Financial Corp grew its position in Marsh & McLennan Companies by 551.0% during the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after purchasing an additional 1,883,146 shares in the last quarter. Amundi grew its holdings in shares of Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after acquiring an additional 1,823,807 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Marsh & McLennan Companies by 32,120.9% during the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock valued at $369,869,000 after acquiring an additional 1,510,966 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $207,278,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Jefferies Financial Group boosted their price target on shares of 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 assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Barclays boosted their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target 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. Finally, UBS Group lifted their price objective on shares of 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 analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Up 1.0%

Marsh & McLennan Companies stock opened at $216.41 on Monday. The firm has a market cap of $106.63 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.65 and a beta of 0.83. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $248.00. The firm has a fifty day moving average price of $225.13 and a two-hundred day moving average price of $224.75.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released 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. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $2.89 EPS. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $5,129,075. This represents a 31.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction dated 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 directly owns 13,522 shares of the company's stock, valued at $3,326,412. This represents a 14.20% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company's stock.

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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