Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3,146.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,016 shares of the financial services provider’s stock after acquiring an additional 109,535 shares during the quarter. SG Americas Securities LLC’s holdings in Marsh & McLennan Companies were worth $27,579,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $37,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $36,000. Ameriflex Group Inc. acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $37,000. Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $39,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $5,129,075. This trade represents a 31.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies 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 sale, 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 position. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MMC. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Barclays raised their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective for the company. Finally, Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $218.13 on Wednesday. The stock has a market cap of $107.48 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The business has a fifty day simple moving average of $226.81 and a 200-day simple moving average of $225.64. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12 month low of $207.21 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $2.89 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

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.