Tidal Investments LLC Increases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tidal Investments LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 94.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,282 shares of the financial services provider's stock after acquiring an additional 12,269 shares during the quarter. Tidal Investments LLC's holdings in Marsh & McLennan Companies were worth $5,370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MMC. Norges Bank purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $1,236,186,000. Stifel Financial Corp raised its stake 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 in the last quarter. Amundi boosted its holdings in 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 purchasing an additional 1,823,807 shares during the period. Raymond James Financial Inc. purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth about $207,278,000. Finally, Franklin Resources Inc. raised its position in Marsh & McLennan Companies by 473.2% in the 4th quarter. Franklin Resources Inc. now owns 927,525 shares of the financial services provider's stock valued at $197,016,000 after purchasing an additional 765,696 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 sale, the vice president now owns 2,923 shares of the company's stock, valued at approximately $686,817.31. The trade was a 31.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction that occurred 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 directly owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This trade represents a 63.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Barclays lifted their price target 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. Finally, Wells Fargo & Company increased their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Two 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.com, the company presently has an average rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $1.04 during mid-day trading on Friday, reaching $229.51. 1,514,191 shares of the company's stock were exchanged, compared to its average volume of 1,921,613. The business's fifty day simple moving average is $229.13 and its 200-day simple moving average is $225.08. The stock has a market capitalization of $113.08 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 52-week low of $201.77 and a 52-week high of $248.00. 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 issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period last year, the firm posted $2.89 EPS. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

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.