O Shaughnessy Asset Management LLC Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

O Shaughnessy Asset Management LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,799 shares of the financial services provider's stock after purchasing an additional 1,434 shares during the period. O Shaughnessy Asset Management LLC's holdings in Marsh & McLennan Companies were worth $17,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Modera Wealth Management LLC increased its holdings in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after buying an additional 46 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 47 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after purchasing an additional 48 shares during the last quarter. New England Professional Planning Group Inc. increased its stake in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock valued at $268,000 after buying an additional 50 shares during the period. Finally, TFB Advisors LLC raised its holdings in Marsh & McLennan Companies by 2.0% in the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock valued at $547,000 after buying an additional 51 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

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Insider Activity

In other 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 value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies 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 sale, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This trade represents a 31.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,397 shares of company stock worth $15,694,684 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 0.6 %

Shares of NYSE MMC traded up $1.44 during midday trading on Thursday, hitting $244.27. 1,203,916 shares of the stock traded hands, compared to its average volume of 1,806,517. 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, Inc. has a one year low of $196.17 and a one year high of $246.27. The business has a 50 day moving average price of $231.26 and a two-hundred day moving average price of $224.41. The company has a market cap of $119.97 billion, a PE ratio of 29.88, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results 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 net margin of 16.60% and a return on equity of 32.60%. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on MMC shares. Raymond James restated 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. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price for the company. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. 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 note on Friday, January 3rd. Finally, Royal Bank of Canada upgraded shares of 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 report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.