Simplicity Wealth LLC Has $1.74 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Simplicity Wealth LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 399.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,129 shares of the financial services provider's stock after buying an additional 5,703 shares during the period. Simplicity Wealth LLC's holdings in Marsh & McLennan Companies were worth $1,740,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Paces Advisors Inc. increased its position in Marsh & McLennan Companies by 2.8% during the 1st quarter. West Paces Advisors Inc. now owns 5,409 shares of the financial services provider's stock worth $1,320,000 after purchasing an additional 145 shares in the last quarter. GAMMA Investing LLC increased its position in Marsh & McLennan Companies by 32.0% in the 1st quarter. GAMMA Investing LLC now owns 6,211 shares of the financial services provider's stock valued at $1,516,000 after acquiring an additional 1,507 shares during the period. Parisi Gray Wealth Management acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $947,000. Pallas Capital Advisors LLC boosted its stake in Marsh & McLennan Companies by 105.6% during the first quarter. Pallas Capital Advisors LLC now owns 3,343 shares of the financial services provider's stock worth $816,000 after acquiring an additional 1,717 shares in the last quarter. Finally, City Holding Co. bought a new position in Marsh & McLennan Companies during the first quarter worth $37,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 13,522 shares of the company's stock, valued at $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Up 0.9%

NYSE:MMC traded up $1.98 during midday trading on Thursday, hitting $219.27. 2,135,093 shares of the company were exchanged, compared to its average volume of 1,935,202. 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 $108.04 billion, a PE ratio of 26.77, 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 company has a fifty day simple moving average of $226.47 and a 200 day simple moving average of $225.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the previous year, the firm earned $2.89 earnings per share. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective for the company. Jefferies Financial Group raised their price target on shares of 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 lifted 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 research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $241.93.

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.