Horizon Kinetics Asset Management LLC Has $30.72 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Horizon Kinetics Asset Management LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 21.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,628 shares of the financial services provider's stock after purchasing an additional 25,554 shares during the quarter. Marsh & McLennan Companies accounts for 0.4% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 25th biggest position. Horizon Kinetics Asset Management LLC's holdings in Marsh & McLennan Companies were worth $30,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.2% during the third 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 purchasing an additional 251,361 shares during the last quarter. Parnassus Investments LLC increased its stake in Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider's stock worth $953,683,000 after purchasing an additional 85,754 shares in the last quarter. Amundi raised its holdings in Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after buying an additional 1,823,807 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock worth $892,309,000 after buying an additional 184,239 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research firms recently commented on MMC. Evercore ISI reaffirmed an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $230.44.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,828 shares of company stock valued at $13,350,279 in the last 90 days. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Down 0.6 %

NYSE:MMC traded down $1.32 during trading hours on Friday, reaching $232.05. The company's stock had a trading volume of 3,067,065 shares, compared to its average volume of 1,641,752. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84. The business's 50-day moving average is $226.65 and its 200-day moving average is $223.79. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $113.97 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued 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 return on equity of 32.60% and a net margin of 16.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 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.