International Assets Investment Management LLC Lowers Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

International Assets Investment Management LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,313 shares of the financial services provider’s stock after selling 556 shares during the quarter. International Assets Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $320,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MMC. Norges Bank acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth about $1,236,186,000. Stifel Financial Corp boosted its position in shares of Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider’s stock worth $472,599,000 after acquiring an additional 1,883,146 shares during the last quarter. Amundi grew its holdings in Marsh & McLennan Companies by 81.1% in the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock valued at $860,824,000 after purchasing an additional 1,823,807 shares during the period. GAMMA Investing LLC increased its position in Marsh & McLennan Companies by 32,120.9% during the first quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock worth $369,869,000 after purchasing an additional 1,510,966 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $207,278,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $5,129,075. This represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $216.99 on Friday. The company has a 50 day moving average price of $224.07 and a two-hundred day moving average price of $224.61. Marsh & McLennan Companies, Inc. has a 12-month low of $207.21 and a 12-month high of $248.00. The stock has a market capitalization of $106.92 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83. 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 (NYSE:MMC) last posted its earnings results 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. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period last year, the business posted $2.89 EPS. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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