TKG Advisors LLC Trims Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TKG Advisors LLC trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,231 shares of the financial services provider’s stock after selling 291 shares during the quarter. Marsh & McLennan Companies makes up 1.2% of TKG Advisors LLC’s portfolio, making the stock its 27th biggest holding. TKG Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MMC. Vanguard Group Inc. lifted its position in Marsh & McLennan Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock worth $9,503,120,000 after buying an additional 356,618 shares during the period. Geode Capital Management LLC increased its holdings in shares of Marsh & McLennan Companies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock worth $2,554,841,000 after buying an additional 145,134 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Marsh & McLennan Companies by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider’s stock valued at $2,156,179,000 after acquiring an additional 96,750 shares during the last quarter. Northern Trust Corp increased its stake in Marsh & McLennan Companies by 14.0% during the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider’s stock worth $1,260,513,000 after acquiring an additional 726,713 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $1,236,186,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Down 2.4%

Shares of NYSE:MMC opened at $212.61 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.32. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00. The firm has a fifty day moving average of $224.04 and a two-hundred day moving average of $224.63. The firm has a market capitalization of $104.76 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 2.67 and a beta of 0.80.

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 the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same quarter last year, the firm earned $2.89 earnings per share. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in 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 company a “hold” rating in a research report on Friday, April 11th. UBS Group increased their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Barclays upped their target price 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. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Finally, Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.