Boston Family Office LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,164 shares of the financial services provider's stock after selling 1,451 shares during the quarter. Marsh & McLennan Companies makes up about 1.6% of Boston Family Office LLC's portfolio, making the stock its 20th biggest position. Boston Family Office LLC's holdings in Marsh & McLennan Companies were worth $22,763,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $1,236,186,000. Amundi boosted its position in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after buying an additional 1,823,807 shares during the period. Assenagon Asset Management S.A. grew its stake in Marsh & McLennan Companies by 7,320.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock worth $235,511,000 after acquiring an additional 1,093,817 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $207,278,000. Finally, Franklin Resources Inc. raised its stake in shares of Marsh & McLennan Companies by 473.2% during the fourth quarter. Franklin Resources Inc. now owns 927,525 shares of the financial services provider's stock valued at $197,016,000 after acquiring an additional 765,696 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on MMC. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Raymond James restated an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective for the company. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and an average target price of $233.41.
Check Out Our Latest Research Report on MMC
Insider Buying and Selling
In other news, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This represents a 31.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,397 shares of company stock valued at $15,694,684 over the last quarter. 0.30% of the stock is currently owned by company insiders.
Marsh & McLennan Companies Stock Performance
Shares of Marsh & McLennan Companies stock traded up $0.54 during midday trading on Thursday, hitting $244.18. The company had a trading volume of 2,116,969 shares, compared to its average volume of 1,809,840. The stock has a market cap of $119.93 billion, a price-to-earnings ratio of 29.81, 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 $246.27. 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 fifty day simple moving average of $231.26 and a 200 day simple moving average of $224.41.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The company also recently disclosed 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 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.80%.
Marsh & McLennan Companies Company Profile
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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.
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