Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 353,975 shares of the financial services provider's stock after buying an additional 11,991 shares during the quarter. Marsh & McLennan Companies accounts for about 0.9% of Erste Asset Management GmbH's portfolio, making the stock its 23rd largest holding. Erste Asset Management GmbH owned about 0.07% of Marsh & McLennan Companies worth $75,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at 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. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MMC shares. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Raymond James restated an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Barclays lifted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Evercore ISI reiterated an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $230.44.

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Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,317 shares of the stock in a transaction 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 transaction, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Trading Down 0.0 %

NYSE:MMC traded down $0.08 during trading hours on Thursday, reaching $229.73. 1,596,193 shares of the stock were exchanged, compared to its average volume of 1,642,739. 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 business has a 50-day moving average of $224.44 and a two-hundred day moving average of $223.57. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $241.84. The company 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.

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 earnings per share 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%. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

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.