XTX Topco Ltd Acquires Shares of 1,429 Marsh & McLennan Companies, Inc. (NYSE:MMC)

XTX Topco Ltd bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,429 shares of the financial services provider’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Morse Asset Management Inc purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $75,000. Virtu Financial LLC lifted its holdings in Marsh & McLennan Companies by 1.3% in the third quarter. Virtu Financial LLC now owns 12,756 shares of the financial services provider’s stock valued at $2,846,000 after acquiring an additional 167 shares during the period. Te Ahumairangi Investment Management Ltd boosted its position in shares of Marsh & McLennan Companies by 3.6% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 10,499 shares of the financial services provider’s stock worth $2,329,000 after purchasing an additional 360 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Marsh & McLennan Companies by 487.5% during the 3rd quarter. Anchor Investment Management LLC now owns 517 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 429 shares during the period. Finally, World Investment Advisors LLC lifted its stake in shares of Marsh & McLennan Companies by 29.9% in the third quarter. World Investment Advisors LLC now owns 17,223 shares of the financial services provider’s stock valued at $3,842,000 after purchasing an additional 3,962 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MMC shares. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a report on Friday, April 11th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective for the company. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Finally, Raymond James restated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $241.93.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy Mills sold 1,317 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 transaction of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Trading Down 0.0 %

NYSE MMC opened at $219.00 on Friday. The company has a 50-day moving average of $232.00 and a 200-day moving average of $224.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The company has a market cap of $107.95 billion, a P/E ratio of 26.74, a P/E/G ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter last year, the business earned $2.89 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 39.95%.

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.