MinichMacGregor Wealth Management LLC Sells 13,661 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

MinichMacGregor Wealth Management LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 34.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,487 shares of the financial services provider's stock after selling 13,661 shares during the quarter. Marsh & McLennan Companies comprises approximately 1.4% of MinichMacGregor Wealth Management LLC's holdings, making the stock its 28th biggest position. MinichMacGregor Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $6,220,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Modera Wealth Management LLC grew its position in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after purchasing an additional 46 shares in the last quarter. Defined Wealth Management LLC grew its holdings 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 buying an additional 47 shares in the last quarter. DF Dent & Co. Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock worth $1,224,000 after acquiring an additional 49 shares in the last quarter. New England Professional Planning Group Inc. boosted its position in shares of Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 50 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group increased 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 report on Wednesday, April 9th. Barclays lifted their price target 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. Wells Fargo & Company upped their price objective 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. Redburn Atlantic initiated coverage on 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 objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Trading Up 1.0%

Shares of NYSE MMC opened at $216.41 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. The business has a fifty day simple moving average of $225.13 and a two-hundred day simple moving average of $224.77. The firm has a market cap of $106.63 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83.

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 (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. During the same period in the prior year, the business earned $2.89 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies 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 transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at $3,326,412. The trade was a 14.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $5,129,075. The trade was 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 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.

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