Livforsakringsbolaget Skandia Omsesidigt Purchases 434 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 61.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,145 shares of the financial services provider’s stock after purchasing an additional 434 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marsh & McLennan Companies were worth $217,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares during the period. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies during the third quarter valued at about $27,000. OFI Invest Asset Management bought a new position in Marsh & McLennan Companies during the third quarter valued at about $28,000. Headinvest LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at about $28,000. Finally, Cordant Inc. bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $28,000. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on MMC shares. Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TD Cowen started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price for the company. Wells Fargo & Company downgraded shares of Marsh & McLennan Companies from an “overweight” rating to an “equal weight” rating and set a $212.00 price target on the stock. in a report on Thursday, April 11th. Finally, Evercore ISI boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $204.73.

Marsh & McLennan Companies Stock Up 3.3 %

Shares of Marsh & McLennan Companies stock traded up $6.61 during trading on Thursday, hitting $204.23. The company’s stock had a trading volume of 412,166 shares, compared to its average volume of 1,681,863. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day simple moving average of $202.67 and a two-hundred day simple moving average of $196.69. The company has a market capitalization of $100.79 billion, a PE ratio of 26.24, a P/E/G ratio of 3.56 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. Marsh & McLennan Companies’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $2.53 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio is currently 37.72%.

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.