National Bank of Canada FI Has $139.33 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

National Bank of Canada FI lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 655,909 shares of the financial services provider's stock after buying an additional 24,746 shares during the period. National Bank of Canada FI owned approximately 0.13% of Marsh & McLennan Companies worth $139,326,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Modera Wealth Management LLC increased its position in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after buying an additional 46 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after purchasing an additional 47 shares in the last quarter. Hemington Wealth Management raised its stake in shares of Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after acquiring an additional 48 shares during the period. New England Professional Planning Group Inc. boosted its position in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after buying an additional 50 shares during the period. Finally, TFB Advisors LLC boosted its holdings in Marsh & McLennan Companies by 2.0% in the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock worth $547,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

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Marsh & McLennan Companies Trading Up 0.2 %

Shares of MMC stock traded up $0.54 on Thursday, reaching $244.18. 2,116,969 shares of the stock were exchanged, compared to its average volume of 1,809,839. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $246.27. The stock has a market cap of $119.93 billion, a PE ratio of 29.81, a P/E/G ratio of 2.70 and a beta of 0.95. 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 stock has a 50 day moving average price of $231.26 and a 200 day moving average price of $224.41.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm 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 $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.34%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MMC shares. Raymond James restated an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, February 3rd. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. Wells Fargo & Company raised their price objective on shares of 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. Finally, JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $233.41.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the company'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 of the company's stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,397 shares of company stock worth $15,694,684 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

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.