Blair William & Co. IL Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Blair William & Co. IL increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,763 shares of the financial services provider's stock after purchasing an additional 1,974 shares during the quarter. Blair William & Co. IL's holdings in Marsh & McLennan Companies were worth $9,083,000 as of its most recent SEC filing.

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

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $1.12 during mid-day trading on Wednesday, hitting $242.88. The company had a trading volume of 1,165,986 shares, compared to its average volume of 1,806,138. 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 company has a market capitalization of $119.29 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 2.70 and a beta of 0.95. The company's fifty day moving average is $230.73 and its 200-day moving average is $224.28. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $245.98.

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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 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MMC shares. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Raymond James reaffirmed an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of 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. Finally, 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. Two equities 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $233.41.

Insider Activity

In other news, CEO Dean Michael Klisura sold 9,569 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction 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 $5,129,075. The trade was a 31.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,397 shares of company stock worth $15,694,684 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

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.