Mogy Joel R Investment Counsel Inc. Acquires 10,818 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mogy Joel R Investment Counsel Inc. grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 109.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,728 shares of the financial services provider's stock after acquiring an additional 10,818 shares during the quarter. Mogy Joel R Investment Counsel Inc.'s holdings in Marsh & McLennan Companies were worth $5,058,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MMC. Norges Bank bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $1,236,186,000. Stifel Financial Corp grew its position in Marsh & McLennan Companies by 551.0% during the fourth 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 raised its stake in shares of Marsh & McLennan Companies by 81.1% during the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after acquiring an additional 1,823,807 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Marsh & McLennan Companies by 32,120.9% in the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock worth $369,869,000 after acquiring an additional 1,510,966 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $207,278,000. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $5,129,075. This represents a 31.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MMC has been the subject of several recent research reports. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. UBS Group boosted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Trading Down 1.0%

Shares of Marsh & McLennan Companies stock traded down $2.22 during midday trading on Friday, reaching $217.18. 1,052,480 shares of the company's stock traded hands, compared to its average volume of 1,933,627. The company has a market cap of $107.01 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The stock has a 50 day moving average of $226.47 and a 200-day moving average of $225.50. Marsh & McLennan Companies, Inc. has a 12 month low of $207.21 and a 12 month high of $248.00. 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 (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 firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations 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 period last year, the company posted $2.89 EPS. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies 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.