Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,241,197 shares of the financial services provider's stock after buying an additional 16,879 shares during the quarter. Envestnet Asset Management Inc. owned 0.25% of Marsh & McLennan Companies worth $302,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $37,000. City Holding Co. purchased a new position in Marsh & McLennan Companies in the first quarter valued at $37,000. Transce3nd LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $39,000. Garde Capital Inc. purchased a new position in Marsh & McLennan Companies in the first quarter valued at $42,000. Finally, First Pacific Financial boosted its holdings 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 valued at $46,000 after purchasing an additional 107 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MMC. UBS Group lifted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Barclays decreased their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average price target of $240.79.

Marsh & McLennan Companies Stock Down 0.9%

Marsh & McLennan Companies stock opened at $213.04 on Tuesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $248.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $104.97 billion, a P/E ratio of 26.11, a PEG ratio of 2.64 and a beta of 0.80. The stock has a 50-day simple moving average of $223.62 and a 200-day simple moving average of $224.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its 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 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. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

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.

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