Capital International Investors decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,243,788 shares of the financial services provider's stock after selling 84,568 shares during the quarter. Capital International Investors owned approximately 3.71% of Marsh & McLennan Companies worth $3,874,947,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MMC. Modera Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after acquiring an additional 46 shares during the period. Geneos Wealth Management Inc. increased its holdings in Marsh & McLennan Companies by 3.7% in the fourth 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 boosted its holdings in shares of Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after buying an additional 48 shares in the last quarter. DF Dent & Co. Inc. grew its position in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock worth $1,224,000 after buying an additional 49 shares during the period. Finally, New England Professional Planning Group Inc. increased its stake in shares of Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on MMC. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday. UBS Group boosted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Finally, Barclays boosted their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $241.93.
View Our Latest Stock Report on MMC
Insider Buying and Selling
In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $5,129,075. The trade was a 31.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,634 shares of company stock valued at $16,244,986 over the last three months. Corporate insiders own 0.35% of the company's stock.
Marsh & McLennan Companies Stock Performance
Shares of NYSE:MMC traded down $0.74 during trading on Wednesday, hitting $218.81. 833,804 shares of the company were exchanged, compared to its average volume of 1,860,726. The company has a market cap of $107.85 billion, a PE ratio of 26.72, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 52-week low of $196.72 and a 52-week high of $248.00. 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 of $232.39 and a 200 day moving average of $224.70.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period last year, the firm posted $2.89 earnings per share. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Marsh & McLennan Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid 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 payout ratio is 39.95%.
Marsh & McLennan Companies Company Profile
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Free Report)
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.
Further Reading
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