Teewinot Capital Advisers L.L.C. Invests $41.84 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Teewinot Capital Advisers L.L.C. acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 196,974 shares of the financial services provider’s stock, valued at approximately $41,839,000. Marsh & McLennan Companies accounts for approximately 4.3% of Teewinot Capital Advisers L.L.C.’s portfolio, making the stock its 13th largest position.

A number of other institutional investors also recently made changes to their positions in MMC. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $41,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a report on Thursday, April 10th. 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 report on Thursday, February 6th. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Finally, Barclays boosted their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Stock Up 1.8%

Shares of NYSE:MMC opened at $231.44 on Friday. The company has a fifty day moving average of $229.22 and a 200-day moving average of $224.83. The company has a market capitalization of $114.04 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 52-week low of $201.77 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter in the previous year, the firm posted $2.89 earnings per share. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were paid a $0.815 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is 39.95%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company’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 sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. This represents a 31.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now directly owns 13,522 shares in the company, valued at $3,326,412. This trade represents a 14.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 over the last 90 days. 0.35% of the stock is owned by 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.