Matauro LLC Acquires Shares of 6,322 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Matauro LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,322 shares of the financial services provider's stock, valued at approximately $1,543,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CVA Family Office LLC raised its position in shares of Marsh & McLennan Companies by 13.4% in the 1st quarter. CVA Family Office LLC now owns 1,129 shares of the financial services provider's stock valued at $276,000 after buying an additional 133 shares in the last quarter. Defined Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 1.5% during the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock valued at $780,000 after purchasing an additional 47 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $298,000. RMR Wealth Builders increased its stake in shares of Marsh & McLennan Companies by 10.0% during the 1st quarter. RMR Wealth Builders now owns 9,499 shares of the financial services provider's stock worth $2,318,000 after purchasing an additional 862 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth $285,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.4%

MMC stock traded down $0.90 during midday trading on Tuesday, hitting $215.73. The company had a trading volume of 3,202,216 shares, compared to its average volume of 1,946,374. The stock's 50 day moving average price is $226.35 and its 200 day moving average price is $225.17. The stock has a market cap of $106.30 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 2.70 and a beta of 0.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its 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. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the previous year, the firm earned $2.89 EPS. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MMC has been the subject of several recent analyst reports. UBS Group upped their price objective 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. Redburn Atlantic started coverage on shares of 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. Wells Fargo & Company increased their price objective 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. Jefferies Financial Group increased their price objective on shares of 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, Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and an average price target of $241.93.

Insider Buying and Selling

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 sale, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies 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 completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $5,129,075. This represents a 31.37% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

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.