Unigestion Holding SA Trims Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Unigestion Holding SA decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 73.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,713 shares of the financial services provider’s stock after selling 342,094 shares during the quarter. Unigestion Holding SA’s holdings in Marsh & McLennan Companies were worth $21,150,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $2,856,000. Transcend Wealth Collective LLC grew its position in shares of Marsh & McLennan Companies by 14.1% during the fourth quarter. Transcend Wealth Collective LLC now owns 12,574 shares of the financial services provider’s stock worth $2,186,000 after purchasing an additional 1,552 shares in the last quarter. NewEdge Wealth LLC grew its position in shares of Marsh & McLennan Companies by 40.4% during the fourth quarter. NewEdge Wealth LLC now owns 6,213 shares of the financial services provider’s stock worth $1,080,000 after purchasing an additional 1,787 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of Marsh & McLennan Companies by 1.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 17,612 shares of the financial services provider’s stock worth $3,061,000 after purchasing an additional 215 shares in the last quarter. Finally, Modera Wealth Management LLC bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $691,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.

MMC traded up $4.60 during trading on Thursday, hitting $157.09. 2,155,576 shares of the stock were exchanged, compared to its average volume of 2,181,138. Marsh & McLennan Companies, Inc. has a 1 year low of $133.86 and a 1 year high of $183.14. The firm has a 50 day simple moving average of $164.58 and a 200 day simple moving average of $162.63. The firm has a market cap of $78.85 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The financial services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.17. Marsh & McLennan Companies had a return on equity of 31.17% and a net margin of 15.93%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the business posted $1.99 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 6.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Wednesday, April 6th were issued a $0.535 dividend. The ex-dividend date of this dividend was Tuesday, April 5th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.36%. Marsh & McLennan Companies’s dividend payout ratio is presently 33.86%.

Marsh & McLennan Companies announced that its Board of Directors has initiated a share buyback program on Wednesday, March 23rd that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 5.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

MMC has been the subject of a number of research reports. Morgan Stanley dropped their price target on Marsh & McLennan Companies from $178.00 to $163.00 and set an “equal weight” rating for the company in a research note on Monday. Zacks Investment Research lowered Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $161.00 price target for the company. in a research note on Tuesday, February 1st. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $158.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Finally, Raymond James raised their price objective on Marsh & McLennan Companies from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, April 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $174.36.

In other news, CEO Martine Ferland sold 4,797 shares of the firm’s stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $158.28, for a total value of $759,269.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 1,791 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $171.21, for a total value of $306,637.11. The disclosure for this sale can be found here. Insiders sold a total of 9,538 shares of company stock worth $1,565,223 over the last quarter. Company insiders own 0.80% of the company’s stock.

Marsh & McLennan Companies Profile (Get Rating)

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

Further Reading

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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