Edmond DE Rothschild Holding S.A. Purchases 2,087 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Edmond DE Rothschild Holding S.A. lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 46,583 shares of the financial services provider’s stock after buying an additional 2,087 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Marsh & McLennan Companies were worth $9,895,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 directly owns 28,329 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 57,828 shares of company stock valued at $13,350,279. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $243.95 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day simple moving average is $230.22 and its 200 day simple moving average is $224.18. The stock has a market cap of $119.81 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $245.98.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods dropped 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. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target for the company. Raymond James reissued an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company 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.