CX Institutional Buys 1,648 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

CX Institutional boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,852 shares of the financial services provider’s stock after acquiring an additional 1,648 shares during the quarter. CX Institutional’s holdings in Marsh & McLennan Companies were worth $8,505,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $1,236,186,000. Stifel Financial Corp raised its position in Marsh & McLennan Companies by 551.0% during the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock valued at $472,599,000 after purchasing an additional 1,883,146 shares during the last quarter. Amundi raised its position in Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock valued at $860,824,000 after purchasing an additional 1,823,807 shares during the last quarter. GAMMA Investing LLC boosted its stake in Marsh & McLennan Companies by 32,120.9% during the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock valued at $369,869,000 after purchasing an additional 1,510,966 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $207,278,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MMC shares. 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. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target on the stock. 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. UBS Group lifted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group lifted their price target on 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Stock Down 2.0%

Shares of NYSE MMC opened at $218.13 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $107.48 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.70 and a beta of 0.83. The stock has a 50 day moving average price of $226.81 and a 200 day moving average price of $225.64. 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) last issued its quarterly earnings data 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the previous year, the firm posted $2.89 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction 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 directly owns 20,935 shares of the company’s stock, valued at $5,129,075. This represents a 31.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the company’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 completion of the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $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. 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.