Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,238 shares of the financial services provider's stock after selling 2,695 shares during the period. OneDigital Investment Advisors LLC's holdings in Marsh & McLennan Companies were worth $4,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Calamos Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 1.2% in the first quarter. Calamos Wealth Management LLC now owns 52,736 shares of the financial services provider's stock valued at $12,869,000 after purchasing an additional 631 shares during the last quarter. Calamos Advisors LLC increased its holdings in Marsh & McLennan Companies by 4.5% during the 1st quarter. Calamos Advisors LLC now owns 276,184 shares of the financial services provider's stock valued at $67,397,000 after acquiring an additional 11,992 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.5% in the first quarter. Checchi Capital Advisers LLC now owns 6,444 shares of the financial services provider's stock valued at $1,573,000 after purchasing an additional 94 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Marsh & McLennan Companies by 0.4% in the first quarter. Principal Financial Group Inc. now owns 840,293 shares of the financial services provider's stock valued at $205,057,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Mutual Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 15.4% during the 1st quarter. Mutual Advisors LLC now owns 3,569 shares of the financial services provider's stock worth $871,000 after purchasing an additional 477 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Analysts Set New Price Targets

MMC has been the subject of several recent research reports. 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. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $240.79.

Marsh & McLennan Companies Trading Down 0.9%

Shares of NYSE:MMC traded down $2.04 during trading on Monday, reaching $213.04. 2,750,147 shares of the stock were exchanged, compared to its average volume of 1,969,343. The firm's 50-day moving average price is $223.77 and its 200 day moving average price is $224.83. The firm has a market cap of $104.97 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. 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 1.32, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 32.19% and a net margin of 16.13%. During the same period in the prior year, the firm earned $2.89 EPS. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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.