Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Lifted by Curi RMB Capital LLC

Curi RMB Capital LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,577 shares of the financial services provider’s stock after acquiring an additional 13,733 shares during the quarter. Curi RMB Capital LLC’s holdings in Marsh & McLennan Companies were worth $17,965,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Louisbourg Investments Inc. raised its position in Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after acquiring an additional 3,300 shares in the last quarter. Czech National Bank lifted its stake in shares of Marsh & McLennan Companies by 6.3% in the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after buying an additional 6,310 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock worth $40,679,000 after acquiring an additional 16,464 shares during the period. Brentview Investment Management LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $3,635,000. Finally, Occidental Asset Management LLC lifted its position in Marsh & McLennan Companies by 8.7% in the fourth quarter. Occidental Asset Management LLC now owns 19,359 shares of the financial services provider’s stock worth $4,112,000 after purchasing an additional 1,555 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the 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 transaction, the senior vice president now owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. The trade was a 14.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,634 shares of company stock worth $16,244,986. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $210.00 to $220.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 9th. Barclays boosted their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target on the stock. Finally, Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $239.53.

Marsh & McLennan Companies Trading Down 4.8 %

MMC opened at $220.15 on Friday. The firm has a market capitalization of $108.51 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.70 and a beta of 0.85. The company’s 50 day moving average price is $232.95 and its two-hundred day moving average price is $224.77. 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 fifty-two week low of $196.72 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the company posted $2.89 earnings per share. As a group, research 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 issued a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

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.