Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 105.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,343 shares of the financial services provider's stock after acquiring an additional 1,717 shares during the quarter. Pallas Capital Advisors LLC's holdings in Marsh & McLennan Companies were worth $816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $36,000. Ameriflex Group Inc. purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $37,000. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $37,000. Transce3nd LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $39,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

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 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 of the company's stock, valued at $3,326,412. The trade was a 14.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 31st. The stock was 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 directly owns 20,935 shares in the company, valued at approximately $5,129,075. This trade represents 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 Trading Up 0.9%

Shares of NYSE MMC traded up $1.98 during mid-day trading on Thursday, reaching $219.27. The company had a trading volume of 2,135,093 shares, compared to its average volume of 1,935,202. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The business's 50-day moving average is $226.47 and its 200-day moving average is $225.50. The stock has a market cap of $108.04 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

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 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the prior year, the firm posted $2.89 earnings per share. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. 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 report on Friday, April 11th. 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 report on Monday, April 21st. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. 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, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus target price of $241.93.

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.