Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506,923 shares of the financial services provider's stock after acquiring an additional 48,611 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of Marsh & McLennan Companies worth $96,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its stake in shares of Marsh & McLennan Companies by 343.3% in the fourth 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 period. Altshuler Shaham Ltd purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $27,000. OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $28,000. Headinvest LLC acquired a new stake in Marsh & McLennan Companies during the third quarter worth about $28,000. Finally, Cordant Inc. purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 87.99% of the company's stock.
Marsh & McLennan Companies Price Performance
Shares of NYSE:MMC traded down $0.48 during midday trading on Tuesday, hitting $205.07. The company had a trading volume of 1,289,113 shares, compared to its average volume of 1,680,724. The business's 50-day simple moving average is $202.96 and its 200-day simple moving average is $198.15. The stock has a market cap of $101.04 billion, a price-to-earnings ratio of 25.98, 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 current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve 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. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. Marsh & McLennan Companies's quarterly revenue was up 9.7% on a year-over-year basis. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.
Marsh & McLennan Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.38%. Marsh & McLennan Companies's payout ratio is 36.04%.
Insider Buying and Selling at Marsh & McLennan Companies
In related news, VP Stacy Mills sold 1,461 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The shares were 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 in the company, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of the firm's 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 transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,291,675. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 over the last quarter. 0.35% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
MMC has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. TD Cowen upped their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a "hold" rating in a report on Monday, April 22nd. Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a "sector perform" rating in a report on Friday, April 19th. Finally, Piper Sandler lowered Marsh & McLennan Companies from an "overweight" rating to a "neutral" rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus price target of $207.69.
View Our Latest Research Report on MMC
Marsh & McLennan Companies Company Profile
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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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