Dynamic Advisor Solutions LLC Boosts Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dynamic Advisor Solutions LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,857 shares of the financial services provider’s stock after purchasing an additional 104 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Marsh & McLennan Companies were worth $453,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $10,366,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $37,178,000. Principal Securities Inc. increased its holdings in Marsh & McLennan Companies by 6.6% in the fourth quarter. Principal Securities Inc. now owns 6,422 shares of the financial services provider’s stock valued at $1,364,000 after buying an additional 397 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Marsh & McLennan Companies by 38.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 1,495 shares of the financial services provider’s stock worth $317,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.8%

Shares of MMC stock opened at $214.22 on Thursday. Marsh & McLennan Companies, Inc. has a twelve month low of $207.21 and a twelve month high of $248.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32. The business’s 50 day moving average is $225.76 and its two-hundred day moving average is $225.03. The company has a market capitalization of $105.55 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MMC. UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Barclays increased 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 research report on Friday, April 11th. Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective on the stock. Finally, Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. 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, the company has an average rating of “Hold” and a consensus target price of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $5,129,075. This represents a 31.37% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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.