DnB Asset Management AS Has $21.35 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

DnB Asset Management AS trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 100,515 shares of the financial services provider’s stock after selling 25,627 shares during the quarter. DnB Asset Management AS’s holdings in Marsh & McLennan Companies were worth $21,350,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Level Four Advisory Services LLC increased its holdings in Marsh & McLennan Companies by 3.2% in the 4th quarter. Level Four Advisory Services LLC now owns 3,497 shares of the financial services provider’s stock valued at $743,000 after buying an additional 109 shares during the period. Pictet Asset Management Holding SA raised its position in Marsh & McLennan Companies by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 538,736 shares of the financial services provider’s stock valued at $114,433,000 after purchasing an additional 41,828 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Marsh & McLennan Companies by 6.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 368,711 shares of the financial services provider’s stock worth $78,318,000 after purchasing an additional 23,684 shares during the last quarter. Broadway Wealth Solutions Inc. bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $1,085,000. Finally, New Age Alpha Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 1,644.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 1,622 shares of the financial services provider’s stock worth $345,000 after buying an additional 1,529 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased 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. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They issued a “buy” rating and a $281.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $233.41.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of Marsh & McLennan Companies stock opened at $242.39 on Friday. The firm has a market cap of $119.04 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.70 and a beta of 0.95. The stock’s 50-day moving average is $229.65 and its 200 day moving average is $224.17. 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 one year low of $196.17 and a one year high of $243.89.

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

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. 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 1.34%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction on 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. The trade was a 31.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 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 $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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock valued at $13,350,279 in the last three months. Corporate insiders own 0.30% of the company’s stock.

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.