Bank of New York Mellon Corp Has $797.22 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bank of New York Mellon Corp decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,266,886 shares of the financial services provider's stock after selling 20,013 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.66% of Marsh & McLennan Companies worth $797,218,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. City Holding Co. bought a new position in Marsh & McLennan Companies in the 1st quarter valued at about $37,000. Ameriflex Group Inc. bought a new position in Marsh & McLennan Companies in the 4th quarter valued at about $37,000. Garde Capital Inc. bought a new position in Marsh & McLennan Companies in the 1st quarter valued at about $42,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at about $39,000. Finally, First Pacific Financial increased its holdings in Marsh & McLennan Companies by 133.8% in the 1st 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 period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company raised 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 report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. UBS Group lifted their price target 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. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Finally, Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Trading Down 0.1%

NYSE:MMC traded down $0.30 during mid-day trading on Friday, hitting $212.43. 1,711,836 shares of the company's stock were exchanged, compared to its average volume of 1,966,173. The company has a 50 day simple moving average of $223.77 and a 200-day simple moving average of $224.73. 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, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $248.00. The firm has a market capitalization of $104.67 billion, a P/E ratio of 26.03, a PEG ratio of 2.64 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate 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 net margin of 16.13% and a return on equity of 32.19%. During the same period last year, the company earned $2.89 EPS. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

About Marsh & McLennan Companies

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.