Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,763 shares of the financial services provider’s stock after purchasing an additional 1,974 shares during the period. Blair William & Co. IL’s holdings in Marsh & McLennan Companies were worth $9,083,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. raised its stake in Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after purchasing an additional 7,380 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after buying an additional 3,553 shares in the last quarter. Finally, Czech National Bank lifted its stake in shares of Marsh & McLennan Companies by 6.3% during the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after buying an additional 6,310 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on MMC shares. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. JPMorgan Chase & Co. upped 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 restated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $233.41.

Marsh & McLennan Companies Stock Down 0.4 %

NYSE MMC opened at $242.39 on Friday. The stock has a market cap of $119.04 billion, a PE ratio of 29.60, a P/E/G ratio of 2.70 and a beta of 0.95. The business has a 50 day moving average price of $229.65 and a two-hundred day moving average price of $224.11. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $243.89. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed 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. This represents a $3.26 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Insiders Place Their Bets

In other news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock valued at $13,350,279 in the last quarter. Insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

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.