QRG Capital Management Inc. Sells 6,868 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

QRG Capital Management Inc. lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,880 shares of the financial services provider's stock after selling 6,868 shares during the quarter. QRG Capital Management Inc.'s holdings in Marsh & McLennan Companies were worth $21,445,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. Brighton Jones LLC raised its position in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after buying an additional 2,960 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $10,366,000. Vontobel Holding Ltd. raised its position in Marsh & McLennan Companies by 6.4% in the 4th quarter. Vontobel Holding Ltd. now owns 28,381 shares of the financial services provider's stock valued at $6,028,000 after buying an additional 1,697 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in Marsh & McLennan Companies by 6.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 25,321 shares of the financial services provider's stock valued at $5,378,000 after purchasing an additional 1,424 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of Marsh & McLennan Companies by 2.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 5,522 shares of the financial services provider's stock worth $1,173,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds 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 the business's stock in a transaction on Thursday, April 3rd. The stock was 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 $3,326,412. The trade was a 14.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This represents a 31.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MMC. Wells Fargo & Company boosted their price target on 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. UBS Group boosted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Barclays boosted 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. Redburn Atlantic began coverage on 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. Finally, Jefferies Financial Group boosted their price target 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 analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded down $1.81 during mid-day trading on Thursday, hitting $214.22. 2,505,656 shares of the stock were exchanged, compared to its average volume of 1,952,460. The stock has a market capitalization of $105.55 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. The firm's 50-day simple moving average is $225.76 and its 200 day simple moving average is $225.03. 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 fifty-two week low of $207.21 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations 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 in the previous year, the firm earned $2.89 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS 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.