Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 793,400 shares of the financial services provider’s stock after purchasing an additional 8,112 shares during the period. Marsh & McLennan Companies makes up 1.6% of Capital Group Private Client Services Inc.’s holdings, making the stock its 13th biggest holding. Capital Group Private Client Services Inc.’s holdings in Marsh & McLennan Companies were worth $168,526,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MMC. Modera Wealth Management LLC raised its position in Marsh & McLennan Companies by 2.5% in the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 46 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after buying an additional 47 shares during the period. Hemington Wealth Management lifted its stake in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 48 shares in the last quarter. DF Dent & Co. Inc. increased its stake in Marsh & McLennan Companies by 0.9% during the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock worth $1,224,000 after purchasing an additional 49 shares during the period. Finally, New England Professional Planning Group Inc. lifted its position in shares of Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $220.15 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a one year low of $196.72 and a one year high of $248.00. The company has a market cap of $108.51 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The business has a fifty day moving average of $233.11 and a two-hundred day moving average of $224.79.

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 the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the prior year, the business posted $2.89 earnings per share. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the 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 transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares of the company’s stock, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,634 shares of company stock valued at $16,244,986 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MMC shares. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. UBS Group raised their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target for the company. Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $239.53.

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.