Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by MGO One Seven LLC

MGO One Seven LLC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,819 shares of the financial services provider’s stock after acquiring an additional 940 shares during the period. MGO One Seven LLC’s holdings in Marsh & McLennan Companies were worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morse Asset Management Inc acquired a new position in Marsh & McLennan Companies in the third quarter valued at $75,000. Virtu Financial LLC raised its holdings in shares of Marsh & McLennan Companies by 1.3% in the 3rd quarter. Virtu Financial LLC now owns 12,756 shares of the financial services provider’s stock worth $2,846,000 after purchasing an additional 167 shares during the period. Te Ahumairangi Investment Management Ltd grew its holdings 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 during the period. Anchor Investment Management LLC increased its position in 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 in the last quarter. Finally, World Investment Advisors LLC raised its holdings in 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 buying an additional 3,962 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at $3,326,412. The trade was a 14.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock valued at $16,244,986 over the last quarter. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of Marsh & McLennan Companies stock opened at $219.37 on Friday. The firm has a market cap of $108.09 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.70 and a beta of 0.85. The business has a 50-day moving average price of $231.78 and a 200 day moving average price of $224.63. 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, Inc. has a fifty-two week low of $196.72 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same period last year, the business posted $2.89 earnings per share. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid 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 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.95%.

Analyst Ratings Changes

MMC has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price 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. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target for the company. Finally, Barclays lifted their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Two 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $241.93.

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.