Balyasny Asset Management L.P. Has $2.27 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Balyasny Asset Management L.P. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 212.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,674 shares of the financial services provider's stock after purchasing an additional 7,254 shares during the period. Balyasny Asset Management L.P.'s holdings in Marsh & McLennan Companies were worth $2,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock worth $892,309,000 after purchasing an additional 184,239 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Marsh & McLennan Companies by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 48,943 shares of the financial services provider's stock valued at $10,919,000 after acquiring an additional 300 shares in the last quarter. Czech National Bank grew its holdings in shares of Marsh & McLennan Companies by 6.3% during the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider's stock valued at $22,618,000 after buying an additional 6,310 shares during the last quarter. Aprio Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 24.1% in the fourth quarter. Aprio Wealth Management LLC now owns 2,346 shares of the financial services provider's stock worth $498,000 after purchasing an additional 456 shares during the last quarter. Finally, Matrix Trust Co boosted its holdings in shares of Marsh & McLennan Companies by 2.2% in the 4th quarter. Matrix Trust Co now owns 7,561 shares of the financial services provider's stock valued at $1,606,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the business'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 transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. The trade was a 31.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. The trade was a 25.38% decrease in their ownership of the stock. 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 ninety days. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

MMC has been the topic of a number of recent analyst reports. 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 report on Thursday, February 6th. Wells Fargo & Company upped 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. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Jefferies Financial Group raised 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 report on Friday, April 11th. Finally, Barclays raised their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. 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 company's stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Up 1.8%

Shares of MMC stock traded up $4.20 during trading on Friday, hitting $231.44. 2,422,470 shares of the company were exchanged, compared to its average volume of 1,915,098. Marsh & McLennan Companies, Inc. has a twelve month low of $201.77 and a twelve month high of $248.00. 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 firm has a market capitalization of $114.04 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 2.70 and a beta of 0.85. The business's 50-day simple moving average is $229.25 and its 200 day simple moving average is $224.74.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.41%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is currently 39.95%.

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.