Integrated Advisors Network LLC Has $1.31 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Integrated Advisors Network LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,349 shares of the financial services provider’s stock after purchasing an additional 505 shares during the quarter. Integrated Advisors Network LLC’s holdings in Marsh & McLennan Companies were worth $1,305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $37,000. City Holding Co. acquired a new position in Marsh & McLennan Companies in the first quarter valued at approximately $37,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MMC. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target on the stock. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a report on Thursday, April 10th. Barclays upped their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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 equities research analysts have rated the stock with a sell rating, seven have assigned 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.

Marsh & McLennan Companies Stock Up 0.9%

Shares of MMC stock opened at $219.27 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average of $226.47 and a 200-day moving average of $225.50. The company has a market capitalization of $108.04 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.70 and a beta of 0.83.

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 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 in the prior year, the company earned $2.89 EPS. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $5,129,075. This represents a 31.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This represents 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.

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.