Banco Bilbao Vizcaya Argentaria S.A. decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,358 shares of the financial services provider's stock after selling 5,564 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Marsh & McLennan Companies were worth $2,413,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. raised its position in Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Czech National Bank increased its stake in Marsh & McLennan Companies by 6.3% in the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider's stock valued at $22,618,000 after purchasing an additional 6,310 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Marsh & McLennan Companies by 9.4% during the fourth quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock worth $40,679,000 after buying an additional 16,464 shares during the period. Brentview Investment Management LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $3,635,000. Finally, Occidental Asset Management LLC increased its position in Marsh & McLennan Companies by 8.7% in the 4th quarter. Occidental Asset Management LLC now owns 19,359 shares of the financial services provider's stock valued at $4,112,000 after acquiring an additional 1,555 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.
Marsh & McLennan Companies Trading Up 0.2 %
MMC stock opened at $219.37 on Friday. The business has a fifty day simple moving average of $231.78 and a 200-day simple moving average of $224.61. Marsh & McLennan Companies, Inc. has a 52 week low of $196.72 and a 52 week high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $108.09 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.70 and a beta of 0.85.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released 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 return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the previous year, the company posted $2.89 EPS. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Marsh & McLennan Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.
Insider Activity at Marsh & McLennan Companies
In other news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. This trade represents a 14.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
MMC has been the topic of a number of recent research reports. Barclays boosted their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Finally, Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $241.93.
Read Our Latest Report on MMC
About Marsh & McLennan Companies
(
Free Report)
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.
See Also
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