Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,978,219 shares of the financial services provider’s stock after buying an additional 304,388 shares during the quarter. Marsh & McLennan Companies accounts for about 0.9% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 15th biggest holding. Robeco Institutional Asset Management B.V.’s holdings in Marsh & McLennan Companies were worth $482,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MMC. Norges Bank purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $1,236,186,000. Stifel Financial Corp grew its holdings in shares of Marsh & McLennan Companies by 551.0% in the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock worth $472,599,000 after acquiring an additional 1,883,146 shares during the period. Amundi increased its stake 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 valued at $860,824,000 after purchasing an additional 1,823,807 shares in the last quarter. GAMMA Investing LLC raised its holdings in Marsh & McLennan Companies by 32,120.9% during the first quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock worth $369,869,000 after purchasing an additional 1,510,966 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $207,278,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $5,129,075. This trade 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 owned by company insiders.

Marsh & McLennan Companies Stock Down 1.5%

Shares of NYSE:MMC opened at $216.35 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The firm has a market cap of $106.60 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.69 and a beta of 0.83. The stock’s 50-day moving average price is $224.22 and its two-hundred day moving average price is $224.61. 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 earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same period last year, the company earned $2.89 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MMC shares. 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 note on Wednesday, April 9th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price for the company. Barclays increased their price target on shares of 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. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $241.93.

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.