Kingswood Wealth Advisors LLC Invests $223,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kingswood Wealth Advisors LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 912 shares of the financial services provider’s stock, valued at approximately $223,000.

A number of other hedge funds have also bought and sold shares of the business. Ameriflex Group Inc. bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $37,000. City Holding Co. bought a new stake in Marsh & McLennan Companies in the first quarter worth about $37,000. Transce3nd LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth about $39,000. Halbert Hargrove Global Advisors LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth about $45,000. Finally, Lee Danner & Bass Inc. bought a new stake in Marsh & McLennan Companies in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MMC. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. Wells Fargo & Company lifted 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 note on Thursday, April 10th. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Barclays lifted their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Finally, Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target for the company. Two investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $216.41 on Monday. The company’s 50 day moving average is $225.13 and its 200 day moving average is $224.75. 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, Inc. has a 52-week low of $207.21 and a 52-week high of $248.00. The firm has a market cap of $106.63 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 2.65 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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 business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the previous year, the company earned $2.89 earnings per share. On average, sell-side analysts anticipate 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.