Aquatic Capital Management LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,052 shares of the financial services provider's stock after buying an additional 1,752 shares during the quarter. Aquatic Capital Management LLC's holdings in Marsh & McLennan Companies were worth $18,703,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of MMC. Louisbourg Investments Inc. boosted its holdings in Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after buying an additional 3,300 shares during the period. Czech National Bank boosted its holdings in Marsh & McLennan Companies by 6.3% in the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider's stock worth $22,618,000 after buying an additional 6,310 shares during the period. Handelsbanken Fonder AB boosted its holdings in Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock worth $40,679,000 after buying an additional 16,464 shares during the period. Brentview Investment Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth $3,635,000. Finally, Occidental Asset Management LLC boosted its holdings in Marsh & McLennan Companies by 8.7% in the 4th quarter. Occidental Asset Management LLC now owns 19,359 shares of the financial services provider's stock worth $4,112,000 after buying an additional 1,555 shares during the period. 87.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on MMC shares. Barclays upped their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Raymond James reissued 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. Finally, Redburn Atlantic began 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 for the company. 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $241.93.
Read Our Latest Research Report on Marsh & McLennan Companies
Marsh & McLennan Companies Trading Up 0.6 %
Marsh & McLennan Companies stock traded up $1.27 during midday trading on Monday, reaching $220.51. The stock had a trading volume of 2,196,846 shares, compared to its average volume of 1,874,379. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 52-week low of $196.72 and a 52-week high of $248.00. The firm has a market cap of $108.65 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The company has a fifty day moving average of $231.57 and a 200 day moving average of $224.59.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the prior year, the company posted $2.89 EPS. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The company 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. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.95%.
Insider Transactions at Marsh & McLennan Companies
In related news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by company insiders.
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.
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