Parisi Gray Wealth Management Purchases New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Parisi Gray Wealth Management purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,881 shares of the financial services provider's stock, valued at approximately $947,000.

A number of other hedge funds have also recently bought and sold shares of the company. Louisbourg Investments Inc. lifted its position in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after buying an additional 3,300 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Marsh & McLennan Companies by 9.4% during the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock worth $40,679,000 after purchasing an additional 16,464 shares during the period. Annex Advisory Services LLC grew its position in Marsh & McLennan Companies by 2.1% during the first quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock valued at $15,447,000 after buying an additional 1,288 shares during the period. Bell Asset Management Ltd increased its holdings in 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 buying an additional 3,595 shares during the last quarter. Finally, Mariner LLC raised its position in Marsh & McLennan Companies by 1.4% in the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider's stock worth $95,275,000 after acquiring an additional 6,125 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Up 0.9%

Shares of NYSE:MMC traded up $1.98 on Thursday, hitting $219.27. The company had a trading volume of 2,135,093 shares, compared to its average volume of 1,935,356. The firm's 50-day simple moving average is $226.56 and its two-hundred day simple moving average is $225.58. The firm has a market capitalization of $108.04 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.70 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. 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 announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The firm 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 16.60% and a return on equity of 32.60%. During the same quarter in the previous year, the business posted $2.89 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MMC shares. Barclays increased 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 report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on 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 boosted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Wells Fargo & Company increased their target price on shares of 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. Finally, Redburn Atlantic initiated 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 target on the stock. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $241.93.

Insider Activity at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. This represents a 14.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. The trade was a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

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.