XTX Topco Ltd Buys Shares of 1,429 Marsh & McLennan Companies, Inc. (NYSE:MMC)

XTX Topco Ltd bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,429 shares of the financial services provider's stock, valued at approximately $304,000.

Several other institutional investors also recently modified their holdings of the business. Morse Asset Management Inc bought a new position in Marsh & McLennan Companies during the third quarter worth about $75,000. Virtu Financial LLC boosted its stake in Marsh & McLennan Companies by 1.3% during the 3rd quarter. Virtu Financial LLC now owns 12,756 shares of the financial services provider's stock worth $2,846,000 after acquiring an additional 167 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in Marsh & McLennan Companies by 3.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 10,499 shares of the financial services provider's stock valued at $2,329,000 after purchasing an additional 360 shares in the last quarter. Anchor Investment Management LLC boosted its position in shares of Marsh & McLennan Companies by 487.5% during the third quarter. Anchor Investment Management LLC now owns 517 shares of the financial services provider's stock worth $115,000 after purchasing an additional 429 shares in the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 29.9% in the 3rd quarter. World Investment Advisors LLC now owns 17,223 shares of the financial services provider's stock valued at $3,842,000 after buying an additional 3,962 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MMC shares. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Raymond James reaffirmed an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Barclays increased 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. JPMorgan Chase & Co. boosted 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. Finally, Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded up $0.41 during midday trading on Friday, reaching $219.37. The company's stock had a trading volume of 3,174,623 shares, compared to its average volume of 1,873,084. The business's 50 day moving average price is $231.78 and its two-hundred day moving average price is $224.61. The company has a market cap of $108.09 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.72 and a fifty-two week high of $248.00.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.95%.

Insider Buying and Selling

In other news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated 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 directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's 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 directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. This represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,634 shares of company stock valued at $16,244,986 in the last three months. Insiders own 0.35% of the company's stock.

About Marsh & McLennan Companies

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.