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

US Asset Management LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,847 shares of the financial services provider’s stock after acquiring an additional 1,284 shares during the period. Marsh & McLennan Companies makes up 1.6% of US Asset Management LLC’s investment portfolio, 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 quarter.

Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $37,000. City Holding Co. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $37,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $39,000. Garde Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $42,000. Finally, First Pacific Financial lifted its stake in shares of Marsh & McLennan Companies by 133.8% in the first quarter. First Pacific Financial now owns 187 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $212.43 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00. The firm has a 50 day moving average price of $223.77 and a 200 day moving average price of $224.73. The company has a market cap of $104.67 billion, a price-to-earnings ratio of 26.03, a PEG 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 (NYSE:MMC) last released its quarterly earnings data 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on MMC. Wells Fargo & Company raised 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. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 9th. Barclays raised their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a report on Friday, April 11th. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. Finally, Redburn Atlantic assumed 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 for the company. Two 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, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $241.93.

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.