OFI Invest Asset Management acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,591 shares of the financial services provider's stock, valued at approximately $531,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of MMC. Amundi lifted its position in shares of Marsh & McLennan Companies by 81.1% during the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after purchasing an additional 1,823,807 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Marsh & McLennan Companies by 7,320.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock valued at $235,511,000 after buying an additional 1,093,817 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $207,278,000. Proficio Capital Partners LLC raised its stake in shares of Marsh & McLennan Companies by 29,648.6% during the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider's stock valued at $146,346,000 after acquiring an additional 686,662 shares in the last quarter. Finally, FMR LLC grew its stake in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after purchasing an additional 518,185 shares in the last quarter. 87.99% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. The trade was a 31.06 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Marsh & McLennan Companies Stock Performance
Shares of MMC stock traded down $3.33 during trading hours on Wednesday, hitting $229.78. The company's stock had a trading volume of 1,828,823 shares, compared to its average volume of 1,640,175. 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 50 day moving average of $224.07 and a 200 day moving average of $223.53. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. The stock has a market cap of $112.85 billion, a PE ratio of 28.06, a price-to-earnings-growth 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 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, sell-side analysts forecast 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. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies's payout ratio is 39.80%.
Analysts Set New Price Targets
MMC has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Barclays raised their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Raymond James reaffirmed an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $230.44.
Read Our Latest Analysis on MMC
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.
Further Reading
Before you consider Marsh & McLennan Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marsh & McLennan Companies wasn't on the list.
While Marsh & McLennan Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
