SG Americas Securities LLC Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

SG Americas Securities LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3,146.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 113,016 shares of the financial services provider's stock after purchasing an additional 109,535 shares during the period. SG Americas Securities LLC's holdings in Marsh & McLennan Companies were worth $27,579,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $36,000. Ameriflex Group Inc. purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $37,000. City Holding Co. purchased a new position in Marsh & McLennan Companies in the first quarter valued at about $37,000. Transce3nd LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $39,000. Finally, Golden State Wealth Management LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $41,000. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MMC. Jefferies Financial Group boosted 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 note on Friday, April 11th. UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Barclays upped 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 note on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Price Performance

NYSE MMC traded down $2.21 on Friday, hitting $217.19. The stock had a trading volume of 1,574,516 shares, compared to its average volume of 1,938,559. Marsh & McLennan Companies, Inc. has a 52-week low of $207.21 and a 52-week high of $248.00. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $107.02 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The firm has a 50-day moving average of $226.42 and a 200-day moving average of $225.40.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results 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. 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 16.60% and a return on equity of 32.60%. During the same quarter in the prior year, the firm earned $2.89 EPS. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction on Monday, March 31st. The shares were 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 $5,129,075. The trade was a 31.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company's stock.

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.