Anchor Pointe Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,106 shares of the financial services provider's stock, valued at approximately $234,000.
Several other institutional investors have also recently made changes to their positions in MMC. Louisbourg Investments Inc. lifted its holdings in shares of Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after buying an additional 3,300 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock worth $40,679,000 after purchasing an additional 16,464 shares in the last quarter. Brentview Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $3,635,000. Bell Asset Management Ltd raised its position in shares of Marsh & McLennan Companies by 12.5% in the fourth quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider's stock worth $6,896,000 after buying an additional 3,595 shares in the last quarter. Finally, Mariner LLC raised its position in shares of Marsh & McLennan Companies by 1.4% in the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider's stock worth $95,275,000 after buying an additional 6,125 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.
Insider Buying and Selling at Marsh & McLennan Companies
In related news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction 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 completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was a 31.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research firms have weighed in on MMC. UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company raised their target price on shares of 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. 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 research report on Friday, April 11th. Raymond James restated an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $241.93.
Get Our Latest Analysis on MMC
Marsh & McLennan Companies Trading Up 0.9%
Shares of MMC traded up $2.02 during trading hours on Friday, hitting $233.51. The company had a trading volume of 3,744,218 shares, compared to its average volume of 1,919,050. 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's 50 day moving average price is $228.79 and its 200 day moving average price is $225.40. The firm has a market cap of $115.06 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 52-week low of $205.17 and a 52-week high of $248.00.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Marsh & McLennan Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 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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