Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 30.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,800 shares of the financial services provider’s stock after purchasing an additional 7,376 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Marsh & McLennan Companies were worth $6,755,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They set a “buy” rating and a $281.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped 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. Finally, Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $233.41.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares in the company, 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 at this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,828 shares of company stock valued at $13,350,279. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Trading Up 2.1 %

MMC opened at $243.77 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $119.72 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.70 and a beta of 0.95. The business has a fifty day moving average price of $229.10 and a 200 day moving average price of $224.08. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $243.89.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Marsh & McLennan Companies Company 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.