Vinva Investment Management Ltd Purchases 2,526 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vinva Investment Management Ltd boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,922 shares of the financial services provider’s stock after acquiring an additional 2,526 shares during the period. Vinva Investment Management Ltd’s holdings in Marsh & McLennan Companies were worth $3,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MMC. Westover Capital Advisors LLC grew its position in shares of Marsh & McLennan Companies by 3.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 53 shares during the last quarter. Evoke Wealth LLC lifted its position in shares of Marsh & McLennan Companies by 4.4% during the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 53 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 56 shares during the period. Baader Bank Aktiengesellschaft raised its stake in Marsh & McLennan Companies by 1.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 56 shares in the last quarter. Finally, InterOcean Capital Group LLC grew its stake in Marsh & McLennan Companies by 2.3% during the fourth quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock worth $465,000 after buying an additional 56 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America increased their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Evercore ISI boosted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $210.27.

Marsh & McLennan Companies Trading Up 0.8 %

Shares of MMC traded up $1.73 during trading hours on Friday, hitting $209.99. 1,725,043 shares of the stock were exchanged, compared to its average volume of 1,304,443. The firm has a market capitalization of $103.47 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.96 and a beta of 0.93. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a fifty-two week low of $175.38 and a fifty-two week high of $211.53. The business has a 50-day moving average of $203.75 and a 200-day moving average of $199.78.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the sale, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company 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.