PUREfi Wealth LLC Purchases 1,726 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

PUREfi Wealth LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 108.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,324 shares of the financial services provider's stock after purchasing an additional 1,726 shares during the period. Marsh & McLennan Companies comprises 0.8% of PUREfi Wealth LLC's holdings, making the stock its 27th largest position. PUREfi Wealth LLC's holdings in Marsh & McLennan Companies were worth $811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. City Holding Co. bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $37,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $36,000. Ameriflex Group Inc. bought a new position in Marsh & McLennan Companies during the fourth quarter worth $37,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth $39,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $45,000. Institutional investors own 87.99% of the company's stock.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction that occurred 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 completion of the transaction, 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. Company insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group lifted their target price 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. Barclays boosted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Finally, Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Down 0.4%

Shares of NYSE MMC opened at $215.73 on Wednesday. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The stock's fifty day moving average is $226.07 and its 200 day moving average is $225.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $106.30 billion, a P/E ratio of 26.44, a PEG ratio of 2.65 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released 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. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period last year, the firm earned $2.89 EPS. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies 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.

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