Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,800 shares of the financial services provider's stock after buying an additional 7,376 shares during the period. UniSuper Management Pty Ltd's holdings in Marsh & McLennan Companies were worth $6,755,000 as of its most recent SEC filing.

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

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded up $1.94 during trading hours on Monday, reaching $244.33. The stock had a trading volume of 1,090,388 shares, compared to its average volume of 1,798,229. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $245.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $120.00 billion, a PE ratio of 29.77, a PEG ratio of 2.70 and a beta of 0.95. The stock's 50 day moving average is $229.65 and its 200 day moving average is $224.08.

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Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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 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 1.33%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.80%.

Wall Street Analyst Weigh In

MMC has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, February 3rd. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective for the company. Finally, Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $233.41.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value 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 represents a 63.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The stock was 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 in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock valued at $13,350,279 over the last 90 days. Corporate insiders own 0.30% of the company's stock.

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.