Marsh & McLennan Companies, Inc. (NYSE:MMC) is Unigestion Holding SA's 6th Largest Position

Unigestion Holding SA lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 193,484 shares of the financial services provider's stock after selling 5,583 shares during the period. Marsh & McLennan Companies comprises about 2.8% of Unigestion Holding SA's investment portfolio, making the stock its 6th biggest position. Unigestion Holding SA's holdings in Marsh & McLennan Companies were worth $47,214,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,237 shares of the firm's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $5,129,075. This represents a 31.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock worth $16,244,986 in the last ninety days. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Down 1.6%

Shares of MMC traded down $3.71 during midday trading on Thursday, hitting $228.61. 1,761,451 shares of the company's stock traded hands, compared to its average volume of 1,921,314. Marsh & McLennan Companies, Inc. has a 1 year low of $206.25 and a 1 year high of $248.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $112.64 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The firm's fifty day moving average is $228.34 and its 200-day moving average is $225.60.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly 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. 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 net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the prior year, the company earned $2.89 EPS. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MMC shares. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Barclays upped their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Raymond James reaffirmed an "outperform" rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, 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 on the stock. Two 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. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average 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.