Mogy Joel R Investment Counsel Inc. Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mogy Joel R Investment Counsel Inc. raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 109.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,728 shares of the financial services provider’s stock after acquiring an additional 10,818 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Marsh & McLennan Companies were worth $5,058,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $36,000. Ameriflex Group Inc. acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $37,000. City Holding Co. purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $37,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $39,000. Finally, Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MMC shares. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. 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. UBS Group upped their price objective on shares of 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 lifted 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $217.30 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 market cap of $107.07 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.70 and a beta of 0.83. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $226.56 and its 200-day moving average price is $225.58.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period last year, the company posted $2.89 EPS. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $5,129,075. This trade represents a 31.37% decrease in their position. 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 business’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 transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

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.