Compagnie Lombard Odier SCmA Acquires 13,175 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Compagnie Lombard Odier SCmA grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,083 shares of the financial services provider’s stock after acquiring an additional 13,175 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Marsh & McLennan Companies were worth $25,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $1,236,186,000. Stifel Financial Corp boosted its position in shares of Marsh & McLennan Companies by 551.0% during the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock valued at $472,599,000 after buying an additional 1,883,146 shares during the last quarter. Amundi raised its position in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after buying an additional 1,823,807 shares during the last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 1,510,966 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $207,278,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $217.30 on Thursday. 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 cap of $107.07 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 2.70 and a beta of 0.83. The firm has a fifty day moving average price of $226.56 and a 200 day moving average price of $225.58. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two 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 earnings per share 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 analyst estimates 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 business posted $2.89 earnings per share. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

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 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 in the company, valued at $3,326,412. The trade was a 14.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $5,129,075. The trade was a 31.37% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MMC has been the topic of several research analyst reports. Redburn Atlantic assumed 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. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. 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 lifted their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Finally, Barclays lifted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research 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 given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $241.93.

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.