Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wealth Enhancement Advisory Services LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 101.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,551 shares of the financial services provider's stock after acquiring an additional 52,218 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Marsh & McLennan Companies were worth $25,270,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Tritonpoint Wealth LLC boosted its stake in shares of Marsh & McLennan Companies by 5.0% during the 1st quarter. Tritonpoint Wealth LLC now owns 1,760 shares of the financial services provider's stock valued at $429,000 after purchasing an additional 84 shares in the last quarter. Matauro LLC bought a new stake in Marsh & McLennan Companies during the first quarter worth about $1,543,000. CVA Family Office LLC boosted its stake in Marsh & McLennan Companies by 13.4% during the first quarter. CVA Family Office LLC now owns 1,129 shares of the financial services provider's stock worth $276,000 after acquiring an additional 133 shares in the last quarter. Defined Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 1.5% during the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock worth $780,000 after acquiring an additional 47 shares in the last quarter. Finally, Stanley Laman Group Ltd. bought a new stake in Marsh & McLennan Companies during the first quarter worth about $298,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MMC. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods decreased 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. UBS Group boosted their price objective 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, Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $241.93.

Insider Activity

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction dated Monday, March 31st. The shares were 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 represents a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of the stock in a transaction dated 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 directly owns 13,522 shares in the company, valued at $3,326,412. This represents a 14.20% 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 Up 1.0%

MMC stock opened at $216.41 on Friday. The firm has a 50 day moving average of $225.13 and a 200 day moving average of $224.77. The stock has a market capitalization of $106.63 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00.

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

Marsh & McLennan Companies 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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