Sumitomo Mitsui Trust Group Inc. Increases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sumitomo Mitsui Trust Group Inc. boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,189,105 shares of the financial services provider's stock after acquiring an additional 5,709 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Marsh & McLennan Companies worth $290,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Marsh & McLennan Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock worth $9,503,120,000 after acquiring an additional 356,618 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Marsh & McLennan Companies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock valued at $2,554,841,000 after purchasing an additional 145,134 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Marsh & McLennan Companies by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after purchasing an additional 96,750 shares during the last quarter. Northern Trust Corp grew its holdings in Marsh & McLennan Companies by 14.0% in the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock worth $1,260,513,000 after buying an additional 726,713 shares in the last quarter. Finally, Norges Bank bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $1,236,186,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Up 0.4%

NYSE:MMC opened at $216.99 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $207.21 and a 12 month high of $248.00. The firm has a fifty day simple moving average of $224.07 and a 200-day simple moving average of $224.61. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $106.92 billion, a P/E ratio of 26.59, a PEG ratio of 2.65 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same quarter in the previous year, the company earned $2.89 earnings per share. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MMC shares. Keefe, Bruyette & Woods cut their price objective on 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. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. 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. UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $241.93.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction dated Monday, March 31st. The shares were 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 directly owns 20,935 shares in the company, valued at approximately $5,129,075. The trade was a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.

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