LGT Capital Partners LTD. Has $35.09 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

LGT Capital Partners LTD. reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,180 shares of the financial services provider's stock after selling 4,000 shares during the period. Marsh & McLennan Companies accounts for about 1.3% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 25th biggest holding. LGT Capital Partners LTD.'s holdings in Marsh & McLennan Companies were worth $35,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Marsh & McLennan Companies by 2.2% in 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 acquiring an additional 251,361 shares during the period. Louisbourg Investments Inc. boosted its stake in 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 valued at $1,744,000 after acquiring an additional 3,300 shares during the period. Citigroup Inc. boosted its stake in 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 acquiring an additional 23,445 shares during the period. Kinsale Capital Group Inc. boosted its stake in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock valued at $6,024,000 after acquiring an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock worth $2,480,000 after buying an additional 7,380 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded down $3.33 during trading on Wednesday, hitting $229.78. The company had a trading volume of 1,828,823 shares, compared to its average volume of 1,639,946. The company has a market cap of $112.85 billion, a P/E ratio of 28.06, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84. The business's 50-day moving average is $224.07 and its 200 day moving average is $223.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies's payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MMC shares. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. 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 report on Thursday, December 12th. Raymond James reiterated an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Evercore ISI reiterated an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods reduced their price objective 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies 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.