Retireful LLC Buys Shares of 1,432 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Retireful LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,432 shares of the financial services provider's stock, valued at approximately $347,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $1,236,186,000. Stifel Financial Corp boosted its position in shares of Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock valued at $472,599,000 after acquiring an additional 1,883,146 shares during the period. Amundi boosted its position in shares of Marsh & McLennan Companies by 81.1% in the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after acquiring an additional 1,823,807 shares during the period. GAMMA Investing LLC boosted its position in shares of Marsh & McLennan Companies by 32,120.9% in the first quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock valued at $369,869,000 after acquiring an additional 1,510,966 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $207,278,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $3.71 during mid-day trading on Thursday, hitting $228.61. 1,764,441 shares of the company's stock traded hands, compared to its average volume of 1,924,350. The firm has a 50 day simple moving average of $228.34 and a two-hundred day simple moving average of $225.60. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.06 and a fifty-two week high of $248.00. The stock has a market cap of $112.64 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 2.70 and a beta of 0.83. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter last year, the firm posted $2.89 EPS. On average, research analysts expect 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. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.43%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is 39.95%.

Insiders Place Their Bets

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value 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. This trade represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the firm'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 transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock worth $16,244,986 in the last 90 days. Company insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MMC shares. Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Wells Fargo & Company raised their target price on 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. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.