Board of the Pension Protection Fund Buys New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Board of the Pension Protection Fund bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,500 shares of the financial services provider's stock, valued at approximately $743,000.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. Fortitude Family Office LLC lifted its stake in Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock worth $64,000 after acquiring an additional 45 shares in the last quarter. Kingfisher Capital LLC lifted its position in shares of Marsh & McLennan Companies by 4.7% in the second quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock worth $220,000 after purchasing an additional 47 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in shares of Marsh & McLennan Companies by 2.3% during the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock worth $468,000 after purchasing an additional 49 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider's stock valued at $523,000 after buying an additional 52 shares during the period. Finally, BSW Wealth Partners lifted its position in Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock worth $242,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded down $0.86 during midday trading on Wednesday, hitting $212.51. The company's stock had a trading volume of 2,368,197 shares, compared to its average volume of 2,093,455. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock's 50 day simple moving average is $219.17 and its 200 day simple moving average is $221.15. The stock has a market capitalization of $104.37 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.59 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the firm posted $1.57 EPS. The company's revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.53%. Marsh & McLennan Companies's dividend payout ratio is 40.15%.

Analyst Ratings Changes

MMC has been the topic of a number of research reports. Barclays upped their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research note on Thursday, October 10th. Bank of America boosted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a "sell" rating in a research report on Friday, October 18th. Finally, BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $228.60.

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.