Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Walter Public Investments Inc.

Walter Public Investments Inc. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,126 shares of the financial services provider's stock after buying an additional 6,184 shares during the period. Marsh & McLennan Companies accounts for approximately 5.4% of Walter Public Investments Inc.'s investment portfolio, making the stock its 2nd biggest position. Walter Public Investments Inc.'s holdings in Marsh & McLennan Companies were worth $29,070,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. City Holding Co. acquired a new position in Marsh & McLennan Companies during the first quarter worth $37,000. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $37,000. Garde Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $42,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Finally, First Pacific Financial lifted its position in shares of 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 buying an additional 107 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MMC shares. UBS Group raised their price objective on 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 objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Barclays cut their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, Redburn Atlantic assumed 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $240.79.

Marsh & McLennan Companies Price Performance

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

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations 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 firm earned $2.89 EPS. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

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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