Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,090 shares of the financial services provider's stock after purchasing an additional 3,743 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Marsh & McLennan Companies were worth $45,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in MMC. Financial Life Planners purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Sierra Ocean LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $36,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $38,000. Golden State Wealth Management LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $45,000. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies 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 sale, the chief executive officer now owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the transaction, the vice president now 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. Insiders have sold a total of 57,828 shares of company stock valued at $13,350,279 over the last quarter. 0.30% of the stock is currently owned by insiders.

Remove Ads

Marsh & McLennan Companies Trading Up 0.9 %

Marsh & McLennan Companies stock traded up $2.16 during midday trading on Tuesday, reaching $236.78. 1,444,379 shares of the stock traded hands, compared to its average volume of 1,638,149. The firm has a market cap of $116.29 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84. 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 simple moving average of $227.57 and a two-hundred day simple moving average of $223.78.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Research 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MMC. Evercore ISI reiterated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company raised their target price 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $233.41.

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.