State of Alaska Department of Revenue Acquires 1,565 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

State of Alaska Department of Revenue increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,475 shares of the financial services provider's stock after purchasing an additional 1,565 shares during the period. State of Alaska Department of Revenue's holdings in Marsh & McLennan Companies were worth $15,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its holdings in shares of Marsh & McLennan Companies by 6.5% in the 1st quarter. CWA Asset Management Group LLC now owns 3,435 shares of the financial services provider's stock valued at $838,000 after acquiring an additional 210 shares during the last quarter. PUREfi Wealth LLC increased its holdings in shares of Marsh & McLennan Companies by 108.0% in the 1st quarter. PUREfi Wealth LLC now owns 3,324 shares of the financial services provider's stock worth $811,000 after acquiring an additional 1,726 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $223,000. Insigneo Advisory Services LLC grew its stake in shares of Marsh & McLennan Companies by 6.9% in the first quarter. Insigneo Advisory Services LLC now owns 1,278 shares of the financial services provider's stock worth $312,000 after purchasing an additional 82 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the first quarter worth about $355,000. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MMC shares. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective on the stock. Wells Fargo & Company increased 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. Barclays boosted their target price 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. Finally, Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and an average target price of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other 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 value of $550,302.00. Following the sale, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dean Michael Klisura sold 9,569 shares of the firm's 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 transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at $5,129,075. This trade 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.

Marsh & McLennan Companies Stock Down 0.8%

Shares of MMC stock traded down $1.81 on Wednesday, hitting $214.22. The company's stock had a trading volume of 2,505,656 shares, compared to its average volume of 1,951,170. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $248.00. The firm's fifty day moving average price is $226.07 and its 200-day moving average price is $225.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $105.55 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 2.65 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS 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 for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter last year, the company posted $2.89 earnings per share. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current 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.