Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,379 shares of the financial services provider's stock after purchasing an additional 8,188 shares during the period. Allspring Global Investments Holdings LLC's holdings in Marsh & McLennan Companies were worth $46,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $1,236,186,000. Stifel Financial Corp increased its holdings in shares of 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 valued at $472,599,000 after acquiring an additional 1,883,146 shares during the last quarter. Amundi increased its holdings in shares of Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after acquiring an additional 1,823,807 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 valued at $369,869,000 after acquiring an additional 1,510,966 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $207,278,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $216.99 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $200.00 and a 1-year high of $248.00. The firm has a market capitalization of $106.92 billion, a PE ratio of 26.59, a PEG ratio of 2.66 and a beta of 0.83. The business's 50 day moving average is $224.07 and its 200-day moving average is $224.74. 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 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 during 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 quarter last year, the company earned $2.89 EPS. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. This trade represents a 14.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MMC shares. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Barclays raised their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Finally, UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $241.93.

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.

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.