PDS Planning Inc Has $794,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

PDS Planning Inc raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,255 shares of the financial services provider’s stock after acquiring an additional 268 shares during the quarter. PDS Planning Inc’s holdings in Marsh & McLennan Companies were worth $794,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Investment Advisory Services Inc. TX ADV acquired a new position in Marsh & McLennan Companies during the first quarter worth $221,000. Goldstein Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $213,000. Sabal Trust CO acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $26,888,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Marsh & McLennan Companies by 18.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,978,219 shares of the financial services provider’s stock valued at $482,745,000 after acquiring an additional 304,388 shares in the last quarter. Finally, Value Partners Investments Inc. lifted its holdings in Marsh & McLennan Companies by 6.5% in the 1st quarter. Value Partners Investments Inc. now owns 11,007 shares of the financial services provider’s stock worth $2,688,000 after purchasing an additional 670 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

MMC opened at $216.35 on Thursday. The stock has a market cap of $106.60 billion, a PE ratio of 26.51, a P/E/G ratio of 2.69 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a 1 year low of $207.21 and a 1 year high of $248.00. The stock’s 50 day simple moving average is $224.22 and its 200-day simple moving average is $224.61. 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 results 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 firm 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 16.13% and a return on equity of 32.19%. During the same quarter in the previous year, the firm posted $2.89 EPS. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on MMC shares. 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 report on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target on the stock. Keefe, Bruyette & Woods cut their price objective on 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. Finally, UBS Group lifted their price target 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. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $241.93.

Insider Buying and Selling

In other news, 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 value of $550,302.00. Following the sale, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

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.