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

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

Several other institutional investors have also added to or reduced their stakes in MMC. Parisi Gray Wealth Management acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $947,000. Annex Advisory Services LLC raised its stake in Marsh & McLennan Companies by 2.1% in the 1st quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock worth $15,447,000 after purchasing an additional 1,288 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock valued at $40,679,000 after purchasing an additional 16,464 shares during the period. Bell Asset Management Ltd increased its holdings in shares of Marsh & McLennan Companies by 12.5% during the fourth quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider's stock worth $6,896,000 after purchasing an additional 3,595 shares during the period. Finally, Mariner LLC raised its position in shares of Marsh & McLennan Companies by 1.4% in the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider's stock valued at $95,275,000 after buying an additional 6,125 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MMC shares. 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 report on Monday, April 21st. Barclays raised their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Wells Fargo & Company increased their price objective on shares of 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. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Finally, UBS Group upped 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $241.93.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dean Michael Klisura sold 9,569 shares of the 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 completion of the sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $5,129,075. The trade was a 31.37% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Down 0.8%

Shares of MMC opened at $214.22 on Friday. 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, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The stock has a market capitalization of $105.55 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 2.63 and a beta of 0.83. The stock has a fifty day moving average of $225.47 and a 200-day moving average of $224.90.

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, 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 last year, the company earned $2.89 earnings per share. As a group, 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.

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