Twinbeech Capital LP reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 87.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,383 shares of the financial services provider's stock after selling 36,059 shares during the period. Twinbeech Capital LP's holdings in Marsh & McLennan Companies were worth $1,143,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Modera Wealth Management LLC boosted its position in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after purchasing an additional 46 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after buying an additional 47 shares during the period. Hemington Wealth Management raised its stake in Marsh & McLennan Companies by 6.7% in the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after buying an additional 48 shares during the period. DF Dent & Co. Inc. raised its stake in Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after buying an additional 49 shares during the period. Finally, New England Professional Planning Group Inc. increased its stake in shares of Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after purchasing an additional 50 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Redburn Atlantic assumed coverage on 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. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Finally, Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two research 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $241.93.
View Our Latest Analysis on MMC
Insider Buying and Selling at Marsh & McLennan Companies
In related news, CEO Dean Michael Klisura sold 7,121 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 transaction of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,919,096.95. This trade represents a 25.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. This trade represents a 63.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by corporate insiders.
Marsh & McLennan Companies Price Performance
Shares of MMC stock traded up $1.04 during trading hours on Friday, reaching $229.51. The company's stock had a trading volume of 1,514,191 shares, compared to its average volume of 1,925,277. The firm's 50 day simple moving average is $229.08 and its 200-day simple moving average is $225.14. The company has a market capitalization of $113.08 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a fifty-two week low of $201.77 and a fifty-two week high of $248.00. 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 issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter last year, the business posted $2.89 EPS. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.
Marsh & McLennan Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.
Marsh & McLennan Companies Profile
(
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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