AIA Group Ltd Buys 4,881 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

AIA Group Ltd raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,081 shares of the financial services provider's stock after buying an additional 4,881 shares during the period. AIA Group Ltd's holdings in Marsh & McLennan Companies were worth $4,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC increased its position in Marsh & McLennan Companies by 53.6% in the 3rd quarter. Townsquare Capital LLC now owns 10,130 shares of the financial services provider's stock valued at $2,260,000 after acquiring an additional 3,535 shares in the last quarter. Financial Counselors Inc. increased its stake in shares of Marsh & McLennan Companies by 15.0% in the 3rd quarter. Financial Counselors Inc. now owns 2,894 shares of the financial services provider's stock valued at $646,000 after buying an additional 377 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Marsh & McLennan Companies by 3.1% during the third quarter. Hantz Financial Services Inc. now owns 17,249 shares of the financial services provider's stock valued at $3,848,000 after acquiring an additional 516 shares during the period. Edgestream Partners L.P. increased its position in Marsh & McLennan Companies by 632.2% in the third quarter. Edgestream Partners L.P. now owns 17,104 shares of the financial services provider's stock worth $3,816,000 after purchasing an additional 14,768 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $76,424,000. Institutional investors own 87.99% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MMC shares. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. 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 report on Thursday, February 6th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. 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. Finally, Wells Fargo & Company raised their price target 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $233.41.

Marsh & McLennan Companies Stock Performance

MMC traded up $1.68 during trading hours on Thursday, reaching $244.51. The company's stock had a trading volume of 1,279,722 shares, compared to its average volume of 1,807,101. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $246.27. The company's 50-day moving average is $231.26 and its 200-day moving average is $224.41. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $120.09 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

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 (EPS) 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%. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $5,129,075. This trade represents a 31.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,397 shares of company stock valued at $15,694,684. 0.30% of the stock is currently owned by insiders.

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.