Spire Wealth Management Has $3.74 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Spire Wealth Management boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 236.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,339 shares of the financial services provider's stock after purchasing an additional 10,778 shares during the period. Spire Wealth Management's holdings in Marsh & McLennan Companies were worth $3,743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $37,000. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $37,000. Transce3nd LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $39,000. Garde Capital Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $42,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $45,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.4%

Shares of MMC traded up $0.97 during mid-day trading on Friday, hitting $216.99. 2,378,676 shares of the company's stock were exchanged, compared to its average volume of 1,944,232. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The firm has a fifty day moving average of $224.07 and a two-hundred day moving average of $224.68. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. The stock has a market cap of $106.92 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 2.66 and a beta of 0.83.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on MMC shares. 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. UBS Group increased their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Keefe, Bruyette & Woods cut 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 research report on Monday, April 21st. Finally, Jefferies Financial Group increased their target price on shares of 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 research 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. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $241.93.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now directly owns 13,522 shares in the company, valued at $3,326,412. This trade represents a 14.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of the firm'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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

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.