3,320 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought 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, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,320 shares of the financial services provider’s stock, valued at approximately $705,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the 4th quarter worth about $38,000. Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $45,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMC. Raymond James reiterated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective 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. Finally, Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $233.41.

Marsh & McLennan Companies Trading Down 5.9 %

NYSE:MMC opened at $229.94 on Monday. 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 firm has a fifty day simple moving average of $232.01 and a 200-day simple moving average of $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 market capitalization of $113.34 billion, a P/E ratio of 28.08, a PEG ratio of 2.70 and a beta of 0.85.

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 for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm 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. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,569 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $5,129,075. This trade represents a 31.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % 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 90 days. 0.30% of the stock is currently owned by company insiders.

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.