Unigestion Holding SA trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,067 shares of the financial services provider's stock after selling 38,308 shares during the period. Marsh & McLennan Companies accounts for about 2.4% of Unigestion Holding SA's holdings, making the stock its 9th biggest holding. Unigestion Holding SA's holdings in Marsh & McLennan Companies were worth $42,284,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in MMC. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $1,236,186,000. Amundi grew its position in Marsh & McLennan Companies by 81.1% in the fourth 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 position 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. purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $207,278,000. Finally, Franklin Resources Inc. increased its stake in Marsh & McLennan Companies by 473.2% during the 4th quarter. Franklin Resources Inc. now owns 927,525 shares of the financial services provider's stock worth $197,016,000 after buying an additional 765,696 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,634 shares of company stock valued at $16,244,986. Insiders own 0.30% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. 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. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $210.00 to $220.00 and gave the stock an "underperform" rating in a report on Wednesday. Raymond James reissued an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Finally, 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 report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and a consensus price target of $234.65.
Read Our Latest Stock Analysis on MMC
Marsh & McLennan Companies Stock Performance
Shares of NYSE MMC traded up $5.34 during mid-day trading on Friday, hitting $234.11. The company had a trading volume of 818,921 shares, compared to its average volume of 1,844,867. The stock has a market cap of $115.40 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.70 and a beta of 0.85. The firm's 50 day simple moving average is $232.63 and its two-hundred day simple moving average is $224.55. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $248.00.
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 (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current 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 1.39%. Marsh & McLennan Companies's payout ratio is currently 39.80%.
Marsh & McLennan Companies Company Profile
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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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