Donaldson Capital Management LLC Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Donaldson Capital Management LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,203 shares of the financial services provider’s stock after purchasing an additional 6,308 shares during the period. Marsh & McLennan Companies comprises approximately 2.3% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Donaldson Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $61,545,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MMC. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $36,000. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $37,000. City Holding Co. acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at $37,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $39,000. Finally, Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $218.13 on Wednesday. The company has a market cap of $107.48 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.70 and a beta of 0.83. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $226.81 and a two-hundred day moving average of $225.64. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 32.60% and a net margin of 16.60%. During the same period in the previous year, the company posted $2.89 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MMC shares. Wells Fargo & Company lifted their price target 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 report on Wednesday, April 9th. Barclays lifted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. 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 report on Friday, April 11th. Finally, Redburn Atlantic started 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. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,237 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of the business’s stock in a transaction dated 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 approximately $5,129,075. This represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

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.