D. E. Shaw & Co. Inc. lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,071 shares of the financial services provider's stock after selling 81,095 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.07% of Marsh & McLennan Companies worth $73,297,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of MMC. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider's stock valued at $9,503,120,000 after buying an additional 356,618 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock valued at $2,554,841,000 after buying an additional 145,134 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Marsh & McLennan Companies by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,151,020 shares of the financial services provider's stock valued at $2,156,179,000 after buying an additional 96,750 shares in the last quarter. Northern Trust Corp lifted its holdings in Marsh & McLennan Companies by 14.0% in the 4th quarter. Northern Trust Corp now owns 5,934,340 shares of the financial services provider's stock valued at $1,260,513,000 after purchasing an additional 726,713 shares in the last quarter. Finally, Norges Bank purchased a new position in Marsh & McLennan Companies in the 4th quarter valued at $1,236,186,000. Institutional investors and hedge funds own 87.99% of the company's stock.
Marsh & McLennan Companies Trading Up 0.1%
NYSE MMC traded up $0.19 during trading on Monday, hitting $227.04. The stock had a trading volume of 1,661,906 shares, compared to its average volume of 1,895,808. The company has a market capitalization of $111.87 billion, a PE ratio of 27.72, a PEG ratio of 2.70 and a beta of 0.85. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average price of $229.93 and a 200 day moving average price of $224.72. Marsh & McLennan Companies, Inc. has a twelve month low of $201.77 and a twelve month high of $248.00.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations 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. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.
Marsh & McLennan Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.
Insider Activity at Marsh & McLennan Companies
In related news, VP Stacy Mills sold 1,317 shares of the company's 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 completion of the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were 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 $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock valued at $16,244,986 over the last three months. 0.35% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
MMC has been the topic of a number of research reports. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective on the stock. 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. UBS Group lifted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $241.93.
Check Out Our Latest Stock Report on Marsh & McLennan Companies
Marsh & McLennan Companies Company 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.
Read More
Before you consider Marsh & McLennan Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marsh & McLennan Companies wasn't on the list.
While Marsh & McLennan Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
