Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Summit Global Investments

Summit Global Investments increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1,119.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,559 shares of the financial services provider's stock after acquiring an additional 17,037 shares during the quarter. Summit Global Investments' holdings in Marsh & McLennan Companies were worth $4,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MMC. Norges Bank acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $1,236,186,000. Stifel Financial Corp boosted its holdings in Marsh & McLennan Companies by 551.0% in the 4th quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock valued at $472,599,000 after purchasing an additional 1,883,146 shares during the last quarter. Amundi boosted its holdings in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after purchasing an additional 1,823,807 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Marsh & McLennan Companies by 32,120.9% in the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider's stock valued at $369,869,000 after purchasing an additional 1,510,966 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at about $207,278,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.9%

Shares of NYSE:MMC traded up $2.02 during trading on Friday, hitting $233.51. The company's stock had a trading volume of 3,744,218 shares, compared to its average volume of 1,919,050. The business has a 50 day moving average price of $228.79 and a two-hundred day moving average price of $225.37. The company has a market capitalization of $115.06 billion, a PE ratio of 28.51, a P/E/G ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $205.17 and a fifty-two week high of $248.00.

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 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion during 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 previous year, the firm posted $2.89 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm 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 1.40%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MMC shares. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. UBS Group boosted their target price on shares of 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 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 report on Thursday, April 10th. Finally, Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $241.93.

Insiders Place Their Bets

In related news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction on 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 approximately $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. The trade was a 25.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,634 shares of company stock worth $16,244,986 over the last 90 days. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies 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.