Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,050,565 shares of the financial services provider's stock after acquiring an additional 145,134 shares during the period. Geode Capital Management LLC owned about 2.45% of Marsh & McLennan Companies worth $2,554,841,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. The trade was a 31.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,397 shares of company stock worth $15,694,684. 0.30% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on MMC. Royal Bank of Canada raised shares of 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. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price 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. Finally, Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and a consensus target price of $233.41.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $0.28 during trading hours on Wednesday, hitting $243.72. 2,052,200 shares of the company were exchanged, compared to its average volume of 1,808,615. 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 business has a 50-day moving average of $231.26 and a 200-day moving average of $224.41. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $245.98. The stock has a market capitalization of $119.70 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results 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%. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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 given 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 is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

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.