Vinva Investment Management Ltd increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,621 shares of the financial services provider's stock after buying an additional 6,997 shares during the period. Vinva Investment Management Ltd's holdings in Marsh & McLennan Companies were worth $5,219,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of MMC. Caprock Group LLC lifted its position in shares of Marsh & McLennan Companies by 5.1% during the 3rd quarter. Caprock Group LLC now owns 13,267 shares of the financial services provider's stock worth $2,960,000 after purchasing an additional 649 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in shares of Marsh & McLennan Companies by 10.6% during the third quarter. Prospera Financial Services Inc now owns 2,525 shares of the financial services provider's stock worth $563,000 after buying an additional 241 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 5.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,727 shares of the financial services provider's stock valued at $1,055,000 after acquiring an additional 249 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Marsh & McLennan Companies by 3.7% in the third quarter. PNC Financial Services Group Inc. now owns 587,472 shares of the financial services provider's stock worth $131,059,000 after acquiring an additional 21,181 shares during the last quarter. Finally, Bellwether Advisors LLC acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at $6,064,000. Institutional investors own 87.99% of the company's stock.
Insider Activity
In other news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,828 shares of company stock valued at $13,350,279. Company insiders own 0.30% of the company's stock.
Marsh & McLennan Companies Price Performance
NYSE MMC traded up $2.51 during trading hours on Monday, reaching $234.82. 2,226,472 shares of the company's stock were exchanged, compared to its average volume of 1,639,176. The firm has a fifty day moving average of $227.10 and a 200-day moving average of $223.74. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84. The stock has a market cap of $115.33 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. 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 (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. On average, equities research analysts predict 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. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is 39.80%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on MMC. Evercore ISI restated an "outperform" rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reduced their price objective 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. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Raymond James reiterated an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus price target of $230.44.
View Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Profile
(
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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