Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 985.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,956 shares of the financial services provider's stock after buying an additional 39,000 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Marsh & McLennan Companies were worth $10,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MMC. Modera Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management grew its holdings in Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after buying an additional 48 shares during the period. DF Dent & Co. Inc. increased its stake in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after acquiring an additional 49 shares during the last quarter. New England Professional Planning Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after acquiring an additional 50 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider's stock worth $268,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Redburn Atlantic assumed 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. Keefe, Bruyette & Woods dropped 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. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. 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, UBS Group raised their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Down 1.0%

NYSE:MMC traded down $2.21 on Friday, reaching $217.19. The stock had a trading volume of 1,574,516 shares, compared to its average volume of 1,934,593. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00. The stock has a market cap of $107.02 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $226.42 and a 200 day moving average of $225.40.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter last year, the firm earned $2.89 EPS. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction that occurred 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. This represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 completion of 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. Insiders own 0.35% of the company's stock.

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.