Mirae Asset Global Investments Co. Ltd. Grows Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mirae Asset Global Investments Co. Ltd. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,091 shares of the financial services provider's stock after acquiring an additional 8,058 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Marsh & McLennan Companies were worth $14,323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMC. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth $37,000. Ameriflex Group Inc. purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $37,000. Garde Capital Inc. acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth approximately $42,000. Transce3nd LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $39,000. Finally, First Pacific Financial raised its stake in shares of Marsh & McLennan Companies by 133.8% during the 1st quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock worth $46,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MMC. Wells Fargo & Company raised 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 research note on Thursday, April 10th. Barclays lifted their target price on shares of 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. UBS Group increased their price target 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. Redburn Atlantic started coverage on 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. Finally, Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 13,522 shares of the company's stock, valued at approximately $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Trading Down 0.4%

NYSE MMC traded down $0.84 during trading hours on Tuesday, hitting $217.80. 2,333,237 shares of the company's stock were exchanged, compared to its average volume of 1,950,406. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $107.32 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 2.68 and a beta of 0.80. The business's 50 day moving average is $224.21 and its 200-day moving average is $224.77. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The firm 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 16.13% and a return on equity of 32.19%. During the same period in the previous year, the firm earned $2.89 earnings per share. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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.