OLD National Bancorp IN Buys New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

OLD National Bancorp IN acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 1,248 shares of the financial services provider's stock, valued at approximately $305,000.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in Marsh & McLennan Companies in the fourth quarter worth $1,236,186,000. Stifel Financial Corp increased its holdings in shares of Marsh & McLennan Companies by 551.0% in the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock valued at $472,599,000 after purchasing an additional 1,883,146 shares in the last quarter. Amundi lifted its stake in shares of Marsh & McLennan Companies by 81.1% in the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after purchasing an additional 1,823,807 shares during the period. GAMMA Investing LLC boosted its holdings in Marsh & McLennan Companies by 32,120.9% during the first quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock worth $369,869,000 after buying an additional 1,510,966 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $207,278,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. UBS Group boosted their target price 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. Jefferies Financial Group raised 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. Barclays boosted their target price 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. Finally, Keefe, Bruyette & Woods reduced 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Down 1.0%

MMC stock traded down $2.21 during trading on Friday, reaching $217.19. The stock had a trading volume of 1,574,516 shares, compared to its average volume of 1,933,764. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average price of $226.47 and a 200 day moving average price of $225.50. The company has a market capitalization of $107.02 billion, a P/E ratio of 26.52, a PEG ratio of 2.70 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 32.60% and a net margin of 16.60%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the business earned $2.89 EPS. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insider Activity

In other news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction on 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 transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company's stock.

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.