66,677 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Ninety One North America Inc.

Ninety One North America Inc. acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 66,677 shares of the financial services provider's stock, valued at approximately $16,271,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $37,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $39,000. Garde Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $42,000. Finally, First Pacific Financial boosted its holdings in shares of Marsh & McLennan Companies by 133.8% in the 1st quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock valued at $46,000 after buying an additional 107 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on MMC. Redburn Atlantic started coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective for the company. Wells Fargo & Company increased their price target on 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. UBS Group increased their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Finally, Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company 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 given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $240.79.

Marsh & McLennan Companies Price Performance

Shares of MMC traded down $2.04 during trading hours on Monday, hitting $213.04. 2,750,147 shares of the company were exchanged, compared to its average volume of 1,969,343. The company has a market cap of $104.97 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 2.64 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week 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 firm's fifty day moving average is $223.77 and its 200 day moving average is $224.83.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. During the same period last year, the firm posted $2.89 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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.