Livforsakringsbolaget Skandia Omsesidigt Has $217,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 61.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,145 shares of the financial services provider’s stock after purchasing an additional 434 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marsh & McLennan Companies were worth $217,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Marsh & McLennan Companies by 0.3% in the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock valued at $3,696,223,000 after purchasing an additional 61,408 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 105,777.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock valued at $1,617,156,000 after purchasing an additional 9,763,286 shares during the period. Ameriprise Financial Inc. increased its holdings in Marsh & McLennan Companies by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after buying an additional 31,821 shares during the last quarter. Morgan Stanley increased its holdings in Marsh & McLennan Companies by 49.2% in the fourth quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock worth $1,041,503,000 after buying an additional 2,075,928 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Marsh & McLennan Companies by 4.8% in the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after buying an additional 271,408 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MMC. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research note on Wednesday. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $204.73.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 3.3 %

NYSE MMC traded up $6.61 during trading hours on Thursday, hitting $204.23. The company’s stock had a trading volume of 412,166 shares, compared to its average volume of 1,681,863. The stock has a fifty day moving average of $202.67 and a 200 day moving average of $196.69. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $100.79 billion, a P/E ratio of 26.24, a PEG ratio of 3.56 and a beta of 0.90. 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) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $2.53 earnings per share. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.39%. Marsh & McLennan Companies’s payout ratio is 37.72%.

Marsh & McLennan Companies Company Profile

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.