Vontobel Holding Ltd. Acquires 19,074 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vontobel Holding Ltd. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 67.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,455 shares of the financial services provider's stock after purchasing an additional 19,074 shares during the period. Vontobel Holding Ltd.'s holdings in Marsh & McLennan Companies were worth $11,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. purchased a new position in shares of Marsh & McLennan Companies in the first quarter valued at about $37,000. Ameriflex Group Inc. bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $37,000. Garde Capital Inc. purchased a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $42,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $39,000. Finally, First Pacific Financial grew its holdings in Marsh & McLennan Companies by 133.8% during the 1st quarter. First Pacific Financial now owns 187 shares of the financial services provider's stock valued at $46,000 after buying an additional 107 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.1%

Shares of Marsh & McLennan Companies stock traded down $0.30 on Friday, reaching $212.43. The company had a trading volume of 1,711,836 shares, compared to its average volume of 1,963,196. The firm's 50-day moving average price is $223.91 and its two-hundred day moving average price is $224.63. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00. The firm has a market cap of $104.67 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.61 and a beta of 0.80. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.13% and a return on equity of 32.19%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MMC has been the subject of a number of research reports. UBS Group upped 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. Keefe, Bruyette & Woods dropped their price objective 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. 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. Jefferies Financial Group increased their price target 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. Finally, Redburn Atlantic assumed coverage on 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. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $241.93.

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.