Matauro LLC Purchases New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

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

Other large investors have also made changes to their positions in the company. Parisi Gray Wealth Management acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $947,000. Annex Advisory Services LLC grew its position in Marsh & McLennan Companies by 2.1% during the 1st quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock worth $15,447,000 after purchasing an additional 1,288 shares during the period. Handelsbanken Fonder AB grew its position in Marsh & McLennan Companies by 9.4% during the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock worth $40,679,000 after purchasing an additional 16,464 shares during the period. Bell Asset Management Ltd grew its position in Marsh & McLennan Companies by 12.5% during the 4th quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider's stock worth $6,896,000 after purchasing an additional 3,595 shares during the period. Finally, Mariner LLC grew its position in Marsh & McLennan Companies by 1.4% during the 4th quarter. Mariner LLC now owns 448,546 shares of the financial services provider's stock worth $95,275,000 after purchasing an additional 6,125 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the business's 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 of the company's stock, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMC. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Barclays raised 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. UBS Group lifted 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. 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 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 research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Down 1.0%

Shares of NYSE:MMC traded down $2.21 during trading on Friday, hitting $217.19. The company's stock had a trading volume of 1,574,516 shares, compared to its average volume of 1,934,595. The business has a 50 day moving average price of $226.42 and a two-hundred day moving average price of $225.40. The company has a market capitalization of $107.02 billion, a PE ratio of 26.52, a P/E/G ratio of 2.70 and a beta of 0.83. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly 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 net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the previous year, the firm posted $2.89 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

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.