Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by AMF Tjanstepension AB

AMF Tjanstepension AB boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 82.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,568 shares of the financial services provider's stock after purchasing an additional 109,363 shares during the quarter. AMF Tjanstepension AB's holdings in Marsh & McLennan Companies were worth $51,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $31,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $33,000. Sierra Ocean LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth about $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $38,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $3.33 during mid-day trading on Wednesday, hitting $229.78. The stock had a trading volume of 1,828,823 shares, compared to its average volume of 1,637,974. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company's 50-day simple moving average is $223.72 and its 200-day simple moving average is $223.49. The firm has a market cap of $112.85 billion, a PE ratio of 28.06, a PEG ratio of 2.70 and a beta of 0.95.

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Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MMC. Evercore ISI reiterated an "outperform" rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods decreased their target price 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. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Finally, Barclays raised their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $230.44.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

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.