Tradewinds LLC. Has $468,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tradewinds LLC. reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,918 shares of the financial services provider’s stock after selling 60 shares during the period. Tradewinds LLC.’s holdings in Marsh & McLennan Companies were worth $468,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock valued at $9,503,120,000 after purchasing an additional 356,618 shares during the last quarter. Geode Capital Management LLC lifted its position in Marsh & McLennan Companies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock worth $2,554,841,000 after acquiring an additional 145,134 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Marsh & McLennan Companies by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider’s stock worth $2,156,179,000 after acquiring an additional 96,750 shares during the last quarter. Northern Trust Corp lifted its position 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 acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $1,236,186,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of 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. Barclays raised their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Finally, Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target for the company. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $212.43 on Friday. The company’s 50 day simple moving average is $223.77 and its 200 day simple moving average is $224.73. The stock has a market capitalization of $104.67 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm posted $2.89 earnings per share. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies 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.