3,320 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Polymer Capital Management US LLC

Polymer Capital Management US LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, HoldingsChannel.com reports. The firm bought 3,320 shares of the financial services provider’s stock, valued at approximately $705,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Modera Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 46 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 47 shares during the last quarter. Hemington Wealth Management grew 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 valued at $163,000 after acquiring an additional 48 shares in the last quarter. DF Dent & Co. Inc. lifted its stake in Marsh & McLennan Companies by 0.9% in the 4th 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 in the last quarter. Finally, New England Professional Planning Group Inc. grew its position in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 5.9 %

Shares of NYSE MMC opened at $229.94 on Monday. The stock has a market cap of $113.34 billion, a P/E ratio of 28.08, a PEG ratio of 2.70 and a beta of 0.85. The business’s fifty day simple moving average is $232.01 and its 200-day simple moving average is $224.50. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $248.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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%. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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 $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 dividend yield of 1.42%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,569 shares of the company’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This represents a 31.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the sale, the chief executive officer now owns 28,329 shares in the company, 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. Over the last quarter, insiders sold 67,397 shares of company stock worth $15,694,684. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MMC shares. Raymond James reissued an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $233.41.

Marsh & McLennan Companies Company 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.