Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by US Asset Management LLC

US Asset Management LLC lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 6,847 shares of the financial services provider’s stock after purchasing an additional 1,284 shares during the quarter. Marsh & McLennan Companies comprises about 1.6% of US Asset Management LLC’s holdings, making the stock its 11th largest holding. US Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $1,671,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Parisi Gray Wealth Management acquired a new stake in Marsh & McLennan Companies in the first quarter valued at $947,000. Wealth Enhancement Advisory Services LLC raised its holdings in Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock valued at $25,270,000 after acquiring an additional 52,218 shares in the last quarter. Annex Advisory Services LLC raised its holdings 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 valued at $15,447,000 after acquiring an additional 1,288 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Marsh & McLennan Companies in the first quarter valued at $977,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Marsh & McLennan Companies by 15.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 80,667 shares of the financial services provider’s stock valued at $19,685,000 after acquiring an additional 10,853 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMC has been the topic of several recent analyst reports. UBS Group upped their price target 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. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a report on Thursday, April 10th. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. Finally, Keefe, Bruyette & Woods dropped 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 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Down 0.1%

Marsh & McLennan Companies stock opened at $212.43 on Friday. The company has a 50-day simple moving average of $223.77 and a 200-day simple moving average of $224.73. The firm has a market capitalization of $104.67 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.64 and a beta of 0.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $207.21 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion during 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 in the prior year, the firm earned $2.89 earnings per share. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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.