Voloridge Investment Management LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,037,566 shares of the financial services provider's stock after purchasing an additional 52,802 shares during the period. Marsh & McLennan Companies makes up 0.8% of Voloridge Investment Management LLC's holdings, making the stock its 6th biggest position. Voloridge Investment Management LLC owned approximately 0.21% of Marsh & McLennan Companies worth $220,389,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Louisbourg Investments Inc. raised its holdings in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Marsh & McLennan Companies by 9.4% during the fourth 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 during the last quarter. Brentview Investment Management LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $3,635,000. Bell Asset Management Ltd raised its holdings in shares of Marsh & McLennan Companies by 12.5% during the fourth quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider's stock worth $6,896,000 after purchasing an additional 3,595 shares during the last quarter. Finally, Mariner LLC grew its position in Marsh & McLennan Companies by 1.4% during the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider's stock valued at $95,275,000 after buying an additional 6,125 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.
Marsh & McLennan Companies Stock Up 0.2%
Shares of NYSE MMC opened at $231.74 on Tuesday. The company's 50-day simple moving average is $229.26 and its 200-day simple moving average is $224.96. Marsh & McLennan Companies, Inc. has a 52-week low of $201.77 and a 52-week high of $248.00. The firm has a market cap of $114.18 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth 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 (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 16.60% and a return on equity of 32.60%. During the same period in the previous year, the business posted $2.89 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies's payout ratio is presently 39.95%.
Wall Street Analysts Forecast Growth
MMC has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price target on shares of 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. Barclays raised their price target 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. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Finally, Raymond James restated 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. Two equities research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $241.93.
Read Our Latest Stock Report on MMC
Insider Buying and Selling
In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. The trade was a 31.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is owned by insiders.
About Marsh & McLennan Companies
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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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