Ossiam Increases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ossiam lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 906.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,821 shares of the financial services provider's stock after purchasing an additional 114,217 shares during the period. Ossiam's holdings in Marsh & McLennan Companies were worth $26,938,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Capital International Inc. CA raised its stake in Marsh & McLennan Companies by 22.8% in the 4th quarter. Capital International Inc. CA now owns 420,633 shares of the financial services provider's stock valued at $89,347,000 after purchasing an additional 78,106 shares during the last quarter. Capital Research Global Investors grew its stake in Marsh & McLennan Companies by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,420,723 shares of the financial services provider's stock valued at $514,186,000 after acquiring an additional 14,432 shares in the last quarter. Curi RMB Capital LLC boosted its holdings in shares of Marsh & McLennan Companies by 19.4% during the 4th quarter. Curi RMB Capital LLC now owns 84,577 shares of the financial services provider's stock worth $17,965,000 after purchasing an additional 13,733 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Marsh & McLennan Companies by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,028,627 shares of the financial services provider's stock worth $430,899,000 after buying an additional 71,493 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Marsh & McLennan Companies by 1.3% in the 4th quarter. First Trust Advisors LP now owns 1,125,624 shares of the financial services provider's stock worth $239,094,000 after acquiring an additional 14,043 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MMC. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Raymond James reissued an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $239.20.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $1,673,221.37. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 69,634 shares of company stock valued at $16,244,986. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Down 3.6 %

NYSE:MMC traded down $7.91 during midday trading on Monday, reaching $212.16. The company had a trading volume of 2,708,596 shares, compared to its average volume of 1,861,236. The stock's fifty day simple moving average is $232.62 and its 200-day simple moving average is $224.74. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12-month low of $196.72 and a 12-month high of $248.00. The firm has a market capitalization of $104.57 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period in the previous year, the company posted $2.89 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.54%. Marsh & McLennan Companies's payout ratio is 39.95%.

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.