Stevens Capital Management LP purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,964 shares of the financial services provider's stock, valued at approximately $1,054,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Amundi lifted its holdings in shares of Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after acquiring an additional 1,823,807 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Marsh & McLennan Companies by 7,320.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock worth $235,511,000 after purchasing an additional 1,093,817 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $207,278,000. Proficio Capital Partners LLC raised its holdings in shares of Marsh & McLennan Companies by 29,648.6% during the 4th quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider's stock valued at $146,346,000 after buying an additional 686,662 shares during the period. Finally, FMR LLC lifted its position in Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Marsh & McLennan Companies
In other news, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,828 shares of company stock worth $13,350,279. Company insiders own 0.30% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on MMC shares. Keefe, Bruyette & Woods reduced their target price on shares of 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. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Wells Fargo & Company boosted their price target on 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. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday. They issued a "buy" rating and a $281.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $233.41.
Read Our Latest Report on MMC
Marsh & McLennan Companies Stock Performance
Shares of Marsh & McLennan Companies stock traded up $4.97 on Thursday, reaching $243.77. 2,507,388 shares of the company were exchanged, compared to its average volume of 1,642,823. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $245.16. The firm has a market cap of $119.72 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50-day moving average is $229.10 and its two-hundred day moving average is $224.08.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.34%. Marsh & McLennan Companies's payout ratio is currently 39.80%.
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.
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