Landscape Capital Management L.L.C. Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Landscape Capital Management L.L.C. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,946 shares of the financial services provider's stock after acquiring an additional 2,723 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Marsh & McLennan Companies were worth $2,325,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $36,000. Albion Financial Group UT acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $38,000. Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $45,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at $3,326,412. This trade represents a 14.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 69,634 shares of company stock worth $16,244,986. 0.30% of the stock is owned by corporate insiders.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MMC shares. Raymond James reaffirmed an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. 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 report on Friday, January 3rd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on 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, Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an "underperform" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $234.00.

Marsh & McLennan Companies Price Performance

MMC stock traded down $0.94 during trading on Wednesday, reaching $219.71. 588,470 shares of the company were exchanged, compared to its average volume of 1,836,812. 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 stock's 50 day moving average price is $232.00 and its 200 day moving average price is $224.44. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $248.00. The company has a market cap of $108.29 billion, a P/E ratio of 26.82, a PEG ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly 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 return on equity of 32.60% and a net margin of 16.60%. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

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.