Nomura Asset Management Co. Ltd. Has $78.32 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Nomura Asset Management Co. Ltd. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 368,711 shares of the financial services provider's stock after buying an additional 23,684 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.08% of Marsh & McLennan Companies worth $78,318,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction dated 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 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 ownership of the stock. 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 quarter. Corporate insiders own 0.30% of the company's stock.

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Marsh & McLennan Companies Stock Performance

MMC stock traded up $0.37 during trading on Tuesday, reaching $244.40. 552,104 shares of the stock were exchanged, compared to its average volume of 2,052,834. The stock has a 50 day simple moving average of $230.22 and a 200-day simple moving average of $224.18. 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 $120.03 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $245.98.

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 earnings per share (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 year.

Marsh & McLennan Companies Dividend Announcement

The firm 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 dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.33%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Analysts Set New Price Targets

Several research analysts have recently commented on MMC shares. Wells Fargo & Company increased 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 note on Friday, January 31st. Redburn Atlantic started coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $233.41.

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.