Millstone Evans Group LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,325 shares of the financial services provider's stock, valued at approximately $281,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. increased its holdings in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after acquiring an additional 3,300 shares in the last quarter. Citigroup Inc. raised its position in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock valued at $113,384,000 after purchasing an additional 23,445 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock worth $2,480,000 after purchasing an additional 7,380 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider's stock valued at $19,461,000 after purchasing an additional 3,553 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on MMC shares. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They set a "buy" rating and a $281.00 price objective for the company. 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. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. 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. Finally, Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and an average target price of $233.41.
Check Out Our Latest Report on MMC
Insider Transactions at Marsh & McLennan Companies
In related news, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, 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 sale 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 the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was 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.
Marsh & McLennan Companies Price Performance
Shares of Marsh & McLennan Companies stock traded up $2.10 on Wednesday, hitting $238.72. The company's stock had a trading volume of 1,873,660 shares, compared to its average volume of 1,636,818. The company has a market capitalization of $117.24 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. 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 firm has a fifty day moving average price of $228.03 and a 200-day moving average price of $223.84.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.
Marsh & McLennan Companies Dividend Announcement
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 1.37%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.80%.
About Marsh & McLennan Companies
(
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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