Bayesian Capital Management LP Invests $3.21 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bayesian Capital Management LP purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,125 shares of the financial services provider's stock, valued at approximately $3,213,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Transce3nd LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $41,000. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MMC. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Barclays upped their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective for the company. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Price Performance

NYSE:MMC traded up $1.42 during midday trading on Wednesday, hitting $228.12. The company had a trading volume of 1,676,976 shares, compared to its average volume of 1,885,235. The company has a market capitalization of $112.40 billion, a PE ratio of 27.85, a P/E/G ratio of 2.70 and a beta of 0.85. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 52-week low of $201.77 and a 52-week high of $248.00. The stock's fifty day moving average price is $230.75 and its 200-day moving average price is $224.55.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $2.89 EPS. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.95%.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction 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 approximately $6,520,202.64. This trade represents 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 worth $16,244,986. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Company Profile

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.