Connor Clark & Lunn Investment Management Ltd. Raises Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 82.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,493 shares of the financial services provider's stock after acquiring an additional 76,336 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Marsh & McLennan Companies were worth $35,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $38,000. Golden State Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $45,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

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

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Marsh & McLennan Companies Trading Down 0.0 %

Marsh & McLennan Companies stock traded down $0.08 during midday trading on Thursday, hitting $229.73. 1,596,193 shares of the stock were exchanged, compared to its average volume of 1,642,739. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $112.83 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.70 and a beta of 0.95. The stock's 50-day simple moving average is $224.44 and its 200 day simple moving average is $223.57. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.80%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MMC shares. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. 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 report on Thursday, February 6th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Evercore ISI reissued an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $230.44.

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.