Summit Global Investments Has $4.53 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Summit Global Investments raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1,119.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,559 shares of the financial services provider’s stock after buying an additional 17,037 shares during the period. Summit Global Investments’ holdings in Marsh & McLennan Companies were worth $4,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Louisbourg Investments Inc. raised its holdings in Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock valued at $40,679,000 after purchasing an additional 16,464 shares during the period. Brentview Investment Management LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $3,635,000. Bell Asset Management Ltd grew its position in shares of Marsh & McLennan Companies by 12.5% during the 4th quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider’s stock worth $6,896,000 after buying an additional 3,595 shares during the period. Finally, Mariner LLC raised its position in shares of Marsh & McLennan Companies by 1.4% in the 4th quarter. Mariner LLC now owns 448,546 shares of the financial services provider’s stock valued at $95,275,000 after acquiring an additional 6,125 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.8%

Shares of MMC opened at $231.30 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $201.84 and a 52 week high of $248.00. The firm has a market cap of $113.97 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The firm’s 50-day simple moving average is $228.86 and its 200 day simple moving average is $225.32. 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 (NYSE:MMC) last posted 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 return on equity of 32.60% and a net margin of 16.60%. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter last year, the business earned $2.89 EPS. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were given a $0.815 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 39.95%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $6,520,202.64. This trade represents a 63.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock valued at $16,244,986 in the last three months. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased 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 report on Monday, April 21st. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. UBS Group raised their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price objective for the company. Finally, Raymond James restated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies 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.