Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 33.1% during the fourth quarter, Holdings Channel reports. The fund owned 10,946 shares of the financial services provider’s stock after purchasing an additional 2,723 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Marsh & McLennan Companies were worth $2,325,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MMC. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $36,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $38,000. Golden State Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Redburn Atlantic initiated 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 for the company. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $233.41.

Insider Buying and Selling

In other news, CEO Dean Michael Klisura sold 7,121 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,397 shares of company stock worth $15,694,684 over the last ninety days. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Up 0.2 %

NYSE MMC opened at $244.18 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $231.79 and its 200-day simple moving average is $224.55. The stock has a market cap of $119.93 billion, a P/E ratio of 29.81, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $246.53.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

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.