ExodusPoint Capital Management LP decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) by 59.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,162 shares of the financial services provider’s stock after selling 14,828 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Marsh & McLennan Companies were worth $1,682,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its holdings in Marsh & McLennan Companies by 145.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,262,150 shares of the financial services provider’s stock worth $539,821,000 after purchasing an additional 1,935,638 shares in the last quarter. Capital Research Global Investors raised its holdings in Marsh & McLennan Companies by 331.5% during the first quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock worth $311,962,000 after purchasing an additional 1,406,293 shares in the last quarter. First Trust Advisors LP raised its holdings in Marsh & McLennan Companies by 133.1% during the first quarter. First Trust Advisors LP now owns 1,297,356 shares of the financial services provider’s stock worth $221,095,000 after purchasing an additional 740,778 shares in the last quarter. BlackRock Inc. raised its holdings in Marsh & McLennan Companies by 1.7% during the third quarter. BlackRock Inc. now owns 41,313,574 shares of the financial services provider’s stock worth $6,167,702,000 after purchasing an additional 693,039 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its holdings in shares of Marsh & McLennan Companies by 5,963.3% in the 3rd quarter. Balyasny Asset Management LLC now owns 618,640 shares of the financial services provider’s stock valued at $92,357,000 after acquiring an additional 608,437 shares during the period. Institutional investors and hedge funds own 87.30% of the company’s stock.
Insider Buying and Selling at Marsh & McLennan Companies
In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 5,500 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $179.38, for a total transaction of $986,590.00. Following the sale, the director now owns 70,116 shares in the company, valued at approximately $12,577,408.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Marsh & McLennan Companies Stock Performance
MMC opened at $178.20 on Friday. The stock has a market cap of $88.16 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $175.93 and its 200 day simple moving average is $170.40. Marsh & McLennan Companies, Inc. has a 1-year low of $143.33 and a 1-year high of $182.43.
Marsh & McLennan Companies (NYSE:MMC – Get Rating) last released its quarterly earnings results on Thursday, April 20th. The financial services provider reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.06. The business had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.86 billion. Marsh & McLennan Companies had a return on equity of 33.33% and a net margin of 15.24%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.30 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.6 EPS for the current fiscal year.
Marsh & McLennan Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Wednesday, April 5th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, April 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.93%.
Marsh & McLennan Companies 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.
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