Czech National Bank Buys 6,320 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Czech National Bank boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,805 shares of the financial services provider's stock after purchasing an additional 6,320 shares during the period. Czech National Bank's holdings in Marsh & McLennan Companies were worth $27,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Ameriflex Group Inc. purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $37,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $39,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company'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 sale, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This represents a 31.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,634 shares of company stock valued at $16,244,986. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Down 1.4%

Shares of Marsh & McLennan Companies stock traded down $3.19 during trading hours on Thursday, hitting $229.13. 841,166 shares of the company's stock traded hands, compared to its average volume of 2,148,139. Marsh & McLennan Companies, Inc. has a twelve month low of $207.06 and a twelve month high of $248.00. The company has a market cap of $112.90 billion, a PE ratio of 27.98, a PEG 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. The stock has a 50 day simple moving average of $228.34 and a 200-day simple moving average of $225.60.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The company 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 quarter last year, the business posted $2.89 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were paid a $0.815 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies's payout ratio is currently 39.95%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group lifted their target price on shares of 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 increased their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Raymond James reaffirmed an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Wells Fargo & Company upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $241.93.

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.