MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 4,816 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,969 shares of the financial services provider's stock after buying an additional 4,816 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Marsh & McLennan Companies were worth $15,499,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $38,000. Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $39,000. Finally, Golden State Wealth Management LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $41,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Down 0.4%

MMC traded down $0.98 during midday trading on Tuesday, reaching $230.86. 872,758 shares of the company were exchanged, compared to its average volume of 1,911,613. 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 one year low of $201.77 and a one year high of $248.00. The stock has a market capitalization of $113.75 billion, a P/E ratio of 28.18, a PEG ratio of 2.70 and a beta of 0.85. The stock's 50-day simple moving average is $229.26 and its 200 day simple moving average is $224.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates 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 firm posted $2.89 earnings per share. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. UBS Group boosted their price target 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. Jefferies Financial Group increased their price objective 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. Barclays increased their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research note 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 stock an "equal weight" rating in a research note on Thursday, April 10th. Two 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $241.93.

Insider Buying and Selling

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is owned by insiders.

About Marsh & McLennan Companies

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.