Donaldson Capital Management LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 245,895 shares of the financial services provider's stock after acquiring an additional 5,148 shares during the period. Marsh & McLennan Companies accounts for about 2.0% of Donaldson Capital Management LLC's holdings, making the stock its 21st biggest position. Donaldson Capital Management LLC owned 0.05% of Marsh & McLennan Companies worth $52,231,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after acquiring an additional 251,361 shares during the period. Louisbourg Investments Inc. boosted its position in shares of Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after buying an additional 3,300 shares during the period. Citigroup Inc. grew its stake in shares of Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock valued at $113,384,000 after buying an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock valued at $6,024,000 after buying an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock worth $2,480,000 after acquiring an additional 7,380 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Marsh & McLennan Companies Price Performance
MMC stock traded down $3.23 during trading on Wednesday, hitting $229.88. The company had a trading volume of 1,075,654 shares, compared to its average volume of 1,635,214. The business has a 50 day moving average of $223.72 and a 200 day moving average of $223.49. The firm has a market capitalization of $112.90 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. 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 posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates 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, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.
Marsh & McLennan Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MMC. Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Raymond James reissued an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average target price of $230.44.
View Our Latest Stock Report on Marsh & McLennan Companies
Insider Activity at Marsh & McLennan Companies
In related news, CEO Dean Michael Klisura sold 7,121 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were 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 approximately $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This represents 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.
About Marsh & McLennan Companies
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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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