Massachusetts Financial Services Co. MA reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,110,217 shares of the financial services provider's stock after selling 249,516 shares during the quarter. Marsh & McLennan Companies accounts for about 0.7% of Massachusetts Financial Services Co. MA's investment portfolio, making the stock its 29th largest position. Massachusetts Financial Services Co. MA owned 2.46% of Marsh & McLennan Companies worth $2,294,523,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. increased its stake in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider's stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $27,000. OFI Invest Asset Management bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $28,000. Headinvest LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $28,000. Finally, Cordant Inc. bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $28,000. 87.99% of the stock is currently owned by institutional investors.
Marsh & McLennan Companies Stock Up 0.3 %
Shares of MMC traded up $0.71 on Friday, reaching $205.55. The stock had a trading volume of 921,241 shares, compared to its average volume of 1,722,121. The firm has a market capitalization of $101.28 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50-day simple moving average of $202.89 and a 200-day simple moving average of $197.96. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 earnings per share. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current year.
Marsh & McLennan Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies's payout ratio is 36.04%.
Insiders Place Their Bets
In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company's stock, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,291,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,751 shares of company stock valued at $7,448,163. Corporate insiders own 0.30% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MMC. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an "underperform" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Evercore ISI raised their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an "outperform" rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Friday, April 19th. Finally, TD Cowen raised their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a "hold" rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $207.69.
Get Our Latest Report on MMC
About Marsh & McLennan Companies
(
Free Report)
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.
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