Edmond DE Rothschild Holding S.A. raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,583 shares of the financial services provider's stock after purchasing an additional 2,087 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Marsh & McLennan Companies were worth $9,895,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of MMC. AIA Group Ltd lifted its stake in Marsh & McLennan Companies by 28.4% in the 4th quarter. AIA Group Ltd now owns 22,081 shares of the financial services provider's stock worth $4,690,000 after acquiring an additional 4,881 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Marsh & McLennan Companies by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 80,799 shares of the financial services provider's stock valued at $17,163,000 after purchasing an additional 1,434 shares in the last quarter. United Bank increased its stake in Marsh & McLennan Companies by 7.7% in the 4th quarter. United Bank now owns 6,781 shares of the financial services provider's stock valued at $1,440,000 after buying an additional 483 shares during the period. Physician Wealth Advisors Inc. purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $56,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 49,086 shares of the financial services provider's stock valued at $10,374,000 after acquiring an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.
Insider Activity
In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stacy Mills sold 1,317 shares of the 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 $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $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. In the last three months, insiders have sold 67,397 shares of company stock worth $15,694,684. Corporate insiders own 0.30% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on MMC. Wells Fargo & Company lifted their price target on 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 reissued an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic assumed 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 increased their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $233.41.
Get Our Latest Report on MMC
Marsh & McLennan Companies Stock Performance
Shares of NYSE:MMC traded up $0.54 on Thursday, hitting $244.18. 2,116,969 shares of the company were exchanged, compared to its average volume of 1,809,839. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50 day moving average price is $231.26 and its two-hundred day moving average price is $224.41. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $246.27. The firm has a market capitalization 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 (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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. 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 1.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is 39.80%.
Marsh & McLennan Companies Company Profile
(
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.
Further Reading
Before you consider Marsh & McLennan Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marsh & McLennan Companies wasn't on the list.
While Marsh & McLennan Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
