AE Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) by 49.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,734 shares of the financial services provider’s stock after acquiring an additional 7,813 shares during the quarter. AE Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $3,928,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Markel Corp boosted its holdings in shares of Marsh & McLennan Companies by 1.5% in the 1st quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock worth $105,456,000 after acquiring an additional 9,300 shares in the last quarter. United Bank boosted its stake in Marsh & McLennan Companies by 1.9% in the first quarter. United Bank now owns 7,580 shares of the financial services provider’s stock worth $1,292,000 after purchasing an additional 144 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Marsh & McLennan Companies by 1.9% during the first quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock worth $6,395,000 after purchasing an additional 695 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Marsh & McLennan Companies by 43.9% in the first quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock valued at $714,000 after buying an additional 1,277 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in Marsh & McLennan Companies by 8.5% during the 1st quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock worth $523,000 after buying an additional 241 shares in the last quarter. 87.30% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
MMC has been the subject of a number of research analyst reports. Raymond James boosted their target price on shares of Marsh & McLennan Companies from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. Jefferies Financial Group decreased their price objective on Marsh & McLennan Companies from $184.00 to $180.00 in a research report on Monday, April 10th. Credit Suisse Group boosted their target price on Marsh & McLennan Companies from $157.00 to $172.00 and gave the stock a “neutral” rating in a research report on Monday, January 30th. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $190.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday, January 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $180.00 to $181.00 and gave the company a “neutral” rating in a research report on Friday, March 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $180.79.
Marsh & McLennan Companies Price Performance
Marsh & McLennan Companies (NYSE:MMC – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. Marsh & McLennan Companies had a return on equity of 32.45% and a net margin of 14.72%. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 7.55 earnings per share for the current year.
Marsh & McLennan Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, April 4th. Marsh & McLennan Companies’s dividend payout ratio is 39.20%.
Insider Buying and Selling
In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,900 shares of the stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total transaction of $503,730.00. Following the completion of the transaction, the director now owns 75,447 shares in the company, valued at approximately $13,105,143.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total value of $503,730.00. Following the sale, the director now owns 75,447 shares in the company, valued at approximately $13,105,143.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 3,140 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $165.22, for a total transaction of $518,790.80. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $3,458,880.70. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Marsh & McLennan Companies Company Profile
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.
Read More
- Get a free copy of the StockNews.com research report on Marsh & McLennan Companies (MMC)
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