15,805 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Allstate Corp

Allstate Corp purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,805 shares of the financial services provider’s stock, valued at approximately $3,357,000.

A number of other institutional investors have also made changes to their positions in the business. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $38,000. Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $41,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $45,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods cut their target price on 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. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Raymond James reiterated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of 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. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $233.41.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $242.39 on Friday. The stock has a market cap of $119.04 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $243.89. The stock’s 50-day moving average price is $229.65 and its two-hundred day moving average price is $224.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction 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 sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock worth $13,350,279 over the last quarter. 0.30% 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.