Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 788,731 shares of the financial services provider's stock after purchasing an additional 29,431 shares during the period. Natixis Advisors LLC owned approximately 0.16% of Marsh & McLennan Companies worth $167,534,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $36,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $38,000. Golden State Wealth Management LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake 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 Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the business's 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 transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This trade represents a 63.55 % 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.

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Analysts Set New Price Targets

MMC has been the subject of several research reports. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, February 3rd. Evercore ISI restated an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Raymond James reiterated an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 0.2 %

Marsh & McLennan Companies stock traded up $0.43 during trading on Wednesday, reaching $232.59. The company had a trading volume of 1,598,603 shares, compared to its average volume of 1,639,337. 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 market capitalization of $114.23 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. The stock's 50 day moving average price is $225.78 and its two-hundred day moving average price is $223.66.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal 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 paid a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

Marsh & McLennan Companies 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.