Aptus Capital Advisors LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,618 shares of the financial services provider's stock after purchasing an additional 9,421 shares during the period. Aptus Capital Advisors LLC's holdings in Marsh & McLennan Companies were worth $16,699,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Marsh & McLennan Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock worth $9,503,120,000 after buying an additional 356,618 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock valued at $2,554,841,000 after purchasing an additional 145,134 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Marsh & McLennan Companies by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after purchasing an additional 96,750 shares during the period. Northern Trust Corp boosted its holdings in Marsh & McLennan Companies by 14.0% in the fourth quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock worth $1,260,513,000 after purchasing an additional 726,713 shares during the last quarter. Finally, Norges Bank purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at $1,236,186,000. Hedge funds and other institutional investors own 87.99% of the company's stock.
Analyst Upgrades and Downgrades
MMC has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Raymond James reiterated an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price for the company. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $241.93.
Read Our Latest Report on Marsh & McLennan Companies
Insider Buying and Selling at Marsh & McLennan Companies
In related news, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This trade represents a 14.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock worth $16,244,986 in the last quarter. 0.35% of the stock is owned by corporate insiders.
Marsh & McLennan Companies Price Performance
MMC traded up $0.33 on Tuesday, hitting $226.90. 1,688,696 shares of the company's stock traded hands, compared to its average volume of 1,882,527. 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, Inc. has a one year low of $201.34 and a one year high of $248.00. The company's 50 day simple moving average is $230.91 and its 200-day simple moving average is $224.54. The firm has a market cap of $111.80 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 2.70 and a beta of 0.85.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The company 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 period last year, the company posted $2.89 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Marsh & McLennan Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.
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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