Moran Wealth Management LLC Has $3.19 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moran Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,089 shares of the financial services provider's stock after acquiring an additional 1,463 shares during the quarter. Moran Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $3,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $37,178,000. Sigma Planning Corp lifted its stake in shares of Marsh & McLennan Companies by 2.9% during the fourth quarter. Sigma Planning Corp now owns 2,326 shares of the financial services provider's stock valued at $494,000 after acquiring an additional 66 shares during the period. First Horizon Advisors Inc. boosted its holdings in Marsh & McLennan Companies by 14.2% in the fourth quarter. First Horizon Advisors Inc. now owns 596 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 74 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its position in Marsh & McLennan Companies by 7.0% in the fourth quarter. Wealthspire Advisors LLC now owns 3,385 shares of the financial services provider's stock worth $719,000 after purchasing an additional 222 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 1.3%

Shares of NYSE MMC traded up $2.80 during mid-day trading on Friday, reaching $218.82. 260,097 shares of the company's stock were exchanged, compared to its average volume of 2,170,077. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $107.82 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 2.65 and a beta of 0.83. The business has a fifty day simple moving average of $224.14 and a 200 day simple moving average of $224.60.

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 net margin of 16.13% and a return on equity of 32.19%. During the same period last year, the company posted $2.89 EPS. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MMC shares. Redburn Atlantic assumed 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 on the stock. 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. UBS Group upped their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Finally, Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $241.93.

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.