Robertson Stephens Wealth Management LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Robertson Stephens Wealth Management LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,454 shares of the financial services provider's stock, valued at approximately $355,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new position in Marsh & McLennan Companies during the 4th quarter worth $37,000. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $37,000. Transce3nd LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $39,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $45,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $49,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded up $2.92 during trading hours on Monday, reaching $219.13. The company had a trading volume of 1,964,125 shares, compared to its average volume of 1,959,056. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00. The company has a market capitalization of $107.97 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.65 and a beta of 0.83. 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 fifty day moving average of $225.13 and a 200-day moving average of $224.75.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping 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 business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the previous year, the firm earned $2.89 EPS. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insider Activity

In related news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $2,344,405.00. Following the transaction, the chief executive officer now 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. Corporate insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group lifted 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. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Keefe, Bruyette & Woods reduced 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. Finally, Barclays upped their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $241.93.

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.