Baker Ellis Asset Management LLC Has $924,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Baker Ellis Asset Management LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 61.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,788 shares of the financial services provider's stock after buying an additional 1,440 shares during the quarter. Baker Ellis Asset Management LLC's holdings in Marsh & McLennan Companies were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMC. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $36,000. Ameriflex Group Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $37,000. City Holding Co. acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at about $37,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at about $39,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $41,000. Institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group increased their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. 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 research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and an average price target of $241.93.

Insider Activity at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were 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 owns 20,935 shares in the company, valued at approximately $5,129,075. The trade was a 31.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction on Thursday, April 3rd. The stock was 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. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Price Performance

MMC traded down $1.77 on Friday, reaching $217.63. The stock had a trading volume of 848,237 shares, compared to its average volume of 1,931,071. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $107.23 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. 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 50-day moving average of $226.47 and a 200-day moving average of $225.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business 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 16.60% and a return on equity of 32.60%. During the same quarter last year, the business earned $2.89 EPS. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

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.