MetLife Investment Management LLC Buys 2,034 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

MetLife Investment Management LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,004 shares of the financial services provider's stock after purchasing an additional 2,034 shares during the period. MetLife Investment Management LLC's holdings in Marsh & McLennan Companies were worth $28,251,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,569 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $5,129,075. This trade represents a 31.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was 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. The trade was a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock valued at $16,244,986 in the last 90 days. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of Marsh & McLennan Companies stock traded up $0.42 during trading on Friday, hitting $219.38. 1,719,808 shares of the stock traded hands, compared to its average volume of 1,865,947. The company has a fifty day moving average price of $232.00 and a two-hundred day moving average price of $224.66. Marsh & McLennan Companies, Inc. has a twelve month low of $196.72 and a twelve month high of $248.00. The stock has a market cap of $108.13 billion, a P/E ratio of 26.76, a PEG ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating 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 business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter last year, the firm earned $2.89 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared 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. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MMC. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Finally, Barclays increased their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Company 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.