iA Global Asset Management Inc. Has $2.26 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

iA Global Asset Management Inc. increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,644 shares of the financial services provider's stock after acquiring an additional 2,709 shares during the period. iA Global Asset Management Inc.'s holdings in Marsh & McLennan Companies were worth $2,261,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $38,000. Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $45,000. Institutional investors own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies 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 transaction of $309,455.49. Following the sale, 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 is available through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock worth $13,350,279 in the last three months. Insiders own 0.30% of the company's stock.

Remove Ads

Marsh & McLennan Companies Stock Up 0.9 %

MMC traded up $2.10 during trading on Wednesday, reaching $238.72. The company had a trading volume of 1,873,660 shares, compared to its average volume of 1,636,818. The company has a market cap of $117.24 billion, a P/E ratio of 29.15, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84. 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 business's fifty day moving average price is $228.03 and its 200 day moving average price is $223.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts anticipate 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. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.37%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Analysts Set New Price Targets

MMC has been the topic of a number of recent research reports. Raymond James reiterated an "outperform" rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday. They set a "buy" rating and a $281.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $233.41.

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.