Tradewinds LLC. Sells 60 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tradewinds LLC. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,918 shares of the financial services provider’s stock after selling 60 shares during the period. Tradewinds LLC.’s holdings in Marsh & McLennan Companies were worth $468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies during the first quarter worth $37,000. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $37,000. Garde Capital Inc. bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $42,000. Transce3nd LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $39,000. Finally, First Pacific Financial grew 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 worth $46,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research note on Monday, April 21st. UBS Group boosted 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 note on Wednesday, April 9th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $241.93.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $212.43 on Friday. The firm’s 50-day moving average price is $223.77 and its 200-day moving average price is $224.73. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00. The firm has a market capitalization of $104.67 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.64 and a beta of 0.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32.

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 for the quarter, beating 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 firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the prior year, the business earned $2.89 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

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.