Red Cedar Investment Management LLC Sells 3,943 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Red Cedar Investment Management LLC trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,578 shares of the financial services provider's stock after selling 3,943 shares during the period. Red Cedar Investment Management LLC's holdings in Marsh & McLennan Companies were worth $3,313,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jacobsen Capital Management bought a new position in Marsh & McLennan Companies during the first quarter worth about $204,000. Ameritas Advisory Services LLC grew its holdings in Marsh & McLennan Companies by 6.0% during the first quarter. Ameritas Advisory Services LLC now owns 1,502 shares of the financial services provider's stock valued at $342,000 after purchasing an additional 85 shares during the period. Amalgamated Bank increased its stake in Marsh & McLennan Companies by 0.4% in the first quarter. Amalgamated Bank now owns 103,970 shares of the financial services provider's stock valued at $25,372,000 after purchasing an additional 453 shares in the last quarter. Avidian Wealth Enterprises LLC raised its holdings in Marsh & McLennan Companies by 11.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 1,220 shares of the financial services provider's stock worth $298,000 after purchasing an additional 124 shares during the period. Finally, Hills Bank & Trust Co boosted its position in shares of Marsh & McLennan Companies by 2.3% during the first quarter. Hills Bank & Trust Co now owns 10,589 shares of the financial services provider's stock worth $2,584,000 after purchasing an additional 236 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 2.4%

Marsh & McLennan Companies stock traded down $5.22 during mid-day trading on Wednesday, reaching $212.61. The company's stock had a trading volume of 3,994,305 shares, compared to its average volume of 1,959,487. 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 12 month low of $207.21 and a 12 month high of $248.00. The business's 50 day simple moving average is $224.04 and its 200 day simple moving average is $224.63. The company has a market capitalization of $104.76 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80.

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. Marsh & McLennan Companies had a return on equity of 32.19% and a net margin of 16.13%. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. During the same quarter last year, the company earned $2.89 EPS. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the company's 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 directly owned 13,522 shares of the company's stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

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.