World Investment Advisors Buys 1,647 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

World Investment Advisors grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,868 shares of the financial services provider's stock after buying an additional 1,647 shares during the period. World Investment Advisors' holdings in Marsh & McLennan Companies were worth $4,848,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $1,236,186,000. Stifel Financial Corp increased its stake in Marsh & McLennan Companies by 551.0% during the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after acquiring an additional 1,883,146 shares during the period. Amundi increased its stake in Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after acquiring an additional 1,823,807 shares during the period. GAMMA Investing LLC increased its stake in Marsh & McLennan Companies by 32,120.9% during the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock worth $369,869,000 after acquiring an additional 1,510,966 shares during the period. Finally, Franklin Resources Inc. increased its stake in Marsh & McLennan Companies by 473.2% during the 4th quarter. Franklin Resources Inc. now owns 927,525 shares of the financial services provider's stock worth $197,016,000 after acquiring an additional 765,696 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on MMC. Keefe, Bruyette & Woods lowered their price objective on 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. Wells Fargo & Company lifted 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. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Barclays lifted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Finally, Jefferies Financial Group lifted their price target 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Down 0.1%

MMC stock traded down $0.30 during trading on Friday, reaching $212.43. 1,711,836 shares of the stock were exchanged, compared to its average volume of 1,966,173. The firm's 50 day moving average is $223.77 and its 200 day moving average is $224.73. 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 cap of $104.67 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for 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 prior year, the business earned $2.89 EPS. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS 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.