BI Asset Management Fondsmaeglerselskab A S Has $8.61 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,526 shares of the financial services provider's stock after selling 10,175 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Marsh & McLennan Companies were worth $8,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital International Inc. CA lifted its position in shares of Marsh & McLennan Companies by 22.8% in the fourth quarter. Capital International Inc. CA now owns 420,633 shares of the financial services provider's stock worth $89,347,000 after buying an additional 78,106 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Marsh & McLennan Companies by 0.6% in the fourth quarter. Capital Research Global Investors now owns 2,420,723 shares of the financial services provider's stock worth $514,186,000 after buying an additional 14,432 shares during the last quarter. Curi RMB Capital LLC raised its holdings in Marsh & McLennan Companies by 19.4% in the 4th quarter. Curi RMB Capital LLC now owns 84,577 shares of the financial services provider's stock worth $17,965,000 after acquiring an additional 13,733 shares during the period. Dimensional Fund Advisors LP grew its holdings in Marsh & McLennan Companies by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,028,627 shares of the financial services provider's stock valued at $430,899,000 after buying an additional 71,493 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Marsh & McLennan Companies by 1.3% during the fourth quarter. First Trust Advisors LP now owns 1,125,624 shares of the financial services provider's stock worth $239,094,000 after acquiring an additional 14,043 shares during the period. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Down 0.3 %

Marsh & McLennan Companies stock traded down $0.72 during midday trading on Friday, hitting $218.24. 1,506,608 shares of the stock were exchanged, compared to its average volume of 1,865,267. Marsh & McLennan Companies, Inc. has a 52 week low of $196.72 and a 52 week high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $107.57 billion, a PE ratio of 26.64, a P/E/G ratio of 2.70 and a beta of 0.85. The company has a fifty day simple moving average of $232.00 and a two-hundred day simple moving average of $224.66.

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, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the previous year, the company posted $2.89 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.49%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.95%.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Jefferies Financial Group boosted 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. UBS Group boosted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $241.93.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 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 value of $309,455.49. Following the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Beswick sold 2,237 shares of the 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 sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This trade represents a 14.20 % 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 over the last quarter. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies 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.