Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Ossiam

Ossiam increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 906.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,821 shares of the financial services provider's stock after acquiring an additional 114,217 shares during the period. Ossiam's holdings in Marsh & McLennan Companies were worth $26,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $36,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $38,000. Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Barclays lifted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. UBS Group upped 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $241.93.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of MMC traded down $0.19 during midday trading on Thursday, reaching $218.85. The company had a trading volume of 811,500 shares, compared to its average volume of 1,861,597. The firm has a 50 day simple moving average of $232.20 and a 200-day simple moving average of $224.66. 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 stock has a market cap of $107.87 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 1-year low of $196.72 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its 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. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.49%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $5,129,075. This trade represents a 31.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock worth $16,244,986 over the last quarter. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Profile

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.