ORG Wealth Partners LLC Invests $334,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

ORG Wealth Partners LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,369 shares of the financial services provider's stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Marsh & McLennan Companies by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 64,475 shares of the financial services provider's stock valued at $15,733,000 after purchasing an additional 1,565 shares in the last quarter. CWA Asset Management Group LLC raised its stake in Marsh & McLennan Companies by 6.5% in the first quarter. CWA Asset Management Group LLC now owns 3,435 shares of the financial services provider's stock valued at $838,000 after purchasing an additional 210 shares in the last quarter. PUREfi Wealth LLC raised its stake in Marsh & McLennan Companies by 108.0% in the first quarter. PUREfi Wealth LLC now owns 3,324 shares of the financial services provider's stock valued at $811,000 after purchasing an additional 1,726 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $223,000. Finally, Insigneo Advisory Services LLC raised its stake in Marsh & McLennan Companies by 6.9% in the first quarter. Insigneo Advisory Services LLC now owns 1,278 shares of the financial services provider's stock valued at $312,000 after purchasing an additional 82 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction 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. The trade was a 31.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MMC. Jefferies Financial Group raised their target price 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. Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Barclays increased their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Finally, Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Trading Up 1.4%

NYSE:MMC traded up $2.92 during trading hours on Monday, hitting $219.13. The company had a trading volume of 1,964,125 shares, compared to its average volume of 1,959,056. The company has a market capitalization of $107.97 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. The stock has a 50-day moving average price of $224.76 and a 200 day moving average price of $224.70. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results 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 analysts' expectations 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 quarter in the previous year, the business posted $2.89 earnings per share. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

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.