Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,111 shares of the financial services provider’s stock after acquiring an additional 600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marsh & McLennan Companies were worth $480,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MMC. Sontag Advisory LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $26,000. Howe & Rusling Inc. boosted its position in shares of Marsh & McLennan Companies by 66.7% during the fourth quarter. Howe & Rusling Inc. now owns 340 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 136 shares in the last quarter. Capital Financial Planning LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $29,000. Parkside Financial Bank & Trust boosted its position in shares of Marsh & McLennan Companies by 58.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 381 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter worth $30,000. 86.36% of the stock is owned by hedge funds and other institutional investors.
MMC traded down $0.81 during trading on Friday, hitting $95.38. The company had a trading volume of 2,417,655 shares, compared to its average volume of 1,915,654. The stock has a market capitalization of $48.77 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.78 and a beta of 0.86. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $97.68. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.44.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.45 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 4.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a $0.455 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. This represents a $1.82 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, July 10th. Marsh & McLennan Companies’s payout ratio is currently 38.16%.
In related news, EVP Peter J. Beshar sold 67,655 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $93.14, for a total value of $6,301,386.70. Following the sale, the executive vice president now directly owns 487,576 shares of the company’s stock, valued at approximately $45,412,828.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy Mills sold 1,245 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total transaction of $115,287.00. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $270,669.80. The disclosure for this sale can be found here. Insiders sold a total of 122,691 shares of company stock worth $11,406,907 over the last ninety days. 1.16% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on MMC shares. Goldman Sachs Group started coverage on shares of Marsh & McLennan Companies in a research report on Monday, April 8th. They set a “neutral” rating and a $98.00 price target on the stock. Citigroup set a $99.00 price target on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Wells Fargo & Co reissued a “market perform” rating and set a $95.00 price target on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $93.60.
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Marsh & McLennan Companies 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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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