Rossby Financial LCC Makes New $724,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Rossby Financial LCC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,409 shares of the financial services provider's stock, valued at approximately $724,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Louisbourg Investments Inc. boosted its holdings in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Czech National Bank boosted its position in Marsh & McLennan Companies by 6.3% in the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider's stock valued at $22,618,000 after buying an additional 6,310 shares during the period. Handelsbanken Fonder AB raised its position in Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock valued at $40,679,000 after purchasing an additional 16,464 shares in the last quarter. Brentview Investment Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $3,635,000. Finally, Occidental Asset Management LLC raised its holdings in Marsh & McLennan Companies by 8.7% during the fourth quarter. Occidental Asset Management LLC now owns 19,359 shares of the financial services provider's stock worth $4,112,000 after purchasing an additional 1,555 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at $3,326,412. This trade represents a 14.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $5,129,075. This represents a 31.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,634 shares of company stock worth $16,244,986. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Trading Down 4.8 %

Shares of MMC stock traded down $11.17 during mid-day trading on Friday, reaching $220.15. The stock had a trading volume of 4,377,608 shares, compared to its average volume of 1,867,606. 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 52-week low of $196.72 and a 52-week high of $248.00. The stock's 50-day moving average price is $233.11 and its two-hundred day moving average price is $224.79. The firm has a market capitalization of $108.51 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced 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 is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Analyst Ratings Changes

A number of brokerages have weighed in on MMC. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an "underperform" rating in a report on Wednesday, April 9th. Barclays raised their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Wells Fargo & Company upped their price target 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 initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Finally, UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $239.53.

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.