Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Sava Infond d.o.o.

Sava Infond d.o.o. reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,600 shares of the financial services provider's stock after selling 1,600 shares during the quarter. Sava Infond d.o.o.'s holdings in Marsh & McLennan Companies were worth $390,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $37,000. Ameriflex Group Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $37,000. Garde Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $42,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $39,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $45,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MMC. Wells Fargo & Company upped their target price 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. UBS Group increased their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Barclays increased their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $219.13 on Tuesday. The company has a market cap of $107.97 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. The stock has a 50 day simple moving average of $224.76 and a 200-day simple moving average of $224.70. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-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.

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 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period last year, the business posted $2.89 EPS. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,569 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $5,129,075. This trade represents a 31.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm'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 transaction, 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 disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

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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