Generali Asset Management SPA SGR Buys Shares of 65,707 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Generali Asset Management SPA SGR bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 65,707 shares of the financial services provider's stock, valued at approximately $13,957,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. boosted its position in Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after acquiring an additional 3,300 shares in the last quarter. Citigroup Inc. boosted its position in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock worth $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock worth $2,480,000 after purchasing an additional 7,380 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider's stock worth $19,461,000 after purchasing an additional 3,553 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

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Wall Street Analyst Weigh In

MMC has been the subject of a number of recent analyst reports. Evercore ISI reissued an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Keefe, Bruyette & Woods lowered their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Raymond James restated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $1.32 during trading on Friday, reaching $232.05. 3,067,065 shares of the company traded hands, compared to its average volume of 1,638,107. The firm's fifty day simple moving average is $227.10 and its 200 day simple moving average is $223.82. The stock has a market cap of $113.97 billion, a P/E ratio of 28.33, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.80%.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now owns 2,923 shares of the company's stock, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock worth $13,350,279 in the last ninety days. Insiders own 0.30% of the company's stock.

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.