Drake & Associates LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,846 shares of the financial services provider's stock after purchasing an additional 1,616 shares during the period. Marsh & McLennan Companies makes up 0.5% of Drake & Associates LLC's holdings, making the stock its 25th biggest position. Drake & Associates LLC's holdings in Marsh & McLennan Companies were worth $1,915,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock worth $9,503,120,000 after purchasing an additional 356,618 shares during the last quarter. Geode Capital Management LLC increased its holdings in Marsh & McLennan Companies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock valued at $2,554,841,000 after buying an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Marsh & McLennan Companies by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after buying an additional 96,750 shares in the last quarter. Northern Trust Corp increased its holdings in Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock valued at $1,260,513,000 after buying an additional 726,713 shares in the last quarter. Finally, Norges Bank purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $1,236,186,000. Hedge funds and other institutional investors own 87.99% of the company's stock.
Marsh & McLennan Companies Price Performance
MMC traded down $0.30 on Friday, reaching $212.43. 1,711,836 shares of the company's stock were exchanged, compared to its average volume of 1,966,173. The stock has a market cap of $104.67 billion, a PE ratio of 26.03, a P/E/G ratio of 2.64 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The stock's fifty day moving average price is $223.77 and its 200-day moving average price is $224.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14.
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 firm had revenue of $6.70 billion for the quarter, compared to analyst estimates 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 in the previous year, the business posted $2.89 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have weighed in on MMC. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. UBS Group lifted their price objective on shares of 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 target price on shares of 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. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $241.93.
Check Out Our Latest Report on Marsh & McLennan Companies
Marsh & McLennan Companies Profile
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Free Report)
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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