Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,502 shares of the financial services provider’s stock after buying an additional 85 shares during the period. Ameritas Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $342,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MMC. Ameriflex Group Inc. acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $37,000. City Holding Co. purchased a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $37,000. Transce3nd LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $39,000. Garde Capital Inc. purchased a new position in Marsh & McLennan Companies in the first quarter worth $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. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a report on Friday, April 11th. UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Wells Fargo & Company increased 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. 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 target price for the company. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $241.93.

Marsh & McLennan Companies Price Performance

MMC 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 company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50 day simple moving average is $223.91 and its 200 day simple moving average is $224.63. The stock has a market capitalization of $104.67 billion, a PE ratio of 26.03, a P/E/G ratio of 2.61 and a beta of 0.80.

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 the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion during 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 in the previous year, the company earned $2.89 EPS. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS 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.