Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 19.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,577 shares of the financial services provider's stock after purchasing an additional 13,733 shares during the quarter. Curi RMB Capital LLC's holdings in Marsh & McLennan Companies were worth $17,965,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MMC. Louisbourg Investments Inc. grew its holdings in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after buying an additional 3,300 shares during the last quarter. Czech National Bank increased its holdings in shares of Marsh & McLennan Companies by 6.3% in the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider's stock valued at $22,618,000 after purchasing an additional 6,310 shares during the period. Handelsbanken Fonder AB boosted its position in Marsh & McLennan Companies by 9.4% in the fourth quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock valued at $40,679,000 after buying an additional 16,464 shares during the last quarter. Brentview Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $3,635,000. Finally, Occidental Asset Management LLC lifted its position in Marsh & McLennan Companies by 8.7% during the fourth quarter. Occidental Asset Management LLC now owns 19,359 shares of the financial services provider's stock valued at $4,112,000 after purchasing an additional 1,555 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded down $0.33 during midday trading on Wednesday, hitting $219.22. The company's stock had a trading volume of 2,166,218 shares, compared to its average volume of 1,865,902. The company has a market cap of $108.05 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12-month low of $196.72 and a 12-month high of $248.00. The business's 50 day simple moving average is $232.39 and its 200 day simple moving average is $224.70. 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 issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period in the prior year, the business earned $2.89 EPS. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 1.49%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stacy Mills sold 1,317 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 value of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,634 shares of company stock worth $16,244,986. Company insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Raymond James restated an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $241.93.

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.