Walter & Keenan Wealth Management LLC IN ADV Purchases 117 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Walter & Keenan Wealth Management LLC IN ADV increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.8% in the 1st quarter, Holdings Channel reports. The firm owned 2,542 shares of the financial services provider’s stock after buying an additional 117 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Marsh & McLennan Companies were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parisi Gray Wealth Management bought a new position in Marsh & McLennan Companies in the first quarter worth $947,000. Annex Advisory Services LLC lifted its position in Marsh & McLennan Companies by 2.1% in the first quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider’s stock worth $15,447,000 after purchasing an additional 1,288 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Marsh & McLennan Companies by 9.4% during the fourth quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock valued at $40,679,000 after acquiring an additional 16,464 shares during the period. Bell Asset Management Ltd lifted its holdings in shares of Marsh & McLennan Companies by 12.5% during the fourth quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider’s stock valued at $6,896,000 after acquiring an additional 3,595 shares during the period. Finally, Mariner LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.4% during the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider’s stock valued at $95,275,000 after acquiring an additional 6,125 shares during the period. 87.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on MMC shares. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a report on Thursday, April 10th. 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 objective for the company. UBS Group lifted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Finally, Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $241.93.

Insider Buying and Selling

In other news, 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 transaction of $2,344,405.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $5,129,075. The trade was a 31.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares of the company’s stock, valued at $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. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $214.22 on Friday. The stock has a 50-day moving average price of $225.47 and a 200 day moving average price of $224.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. The firm has a market cap of $105.55 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 2.63 and a beta of 0.83. 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 announced 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 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 32.19% and a net margin of 16.13%. During the same period last year, the company earned $2.89 earnings per share. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current 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.