Rothschild Capital Partners LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Rothschild Capital Partners LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,380 shares of the financial services provider’s stock, valued at approximately $293,000.

Other large investors have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $75,000. Virtu Financial LLC increased its holdings in Marsh & McLennan Companies by 1.3% in the third quarter. Virtu Financial LLC now owns 12,756 shares of the financial services provider’s stock valued at $2,846,000 after buying an additional 167 shares in the last quarter. Te Ahumairangi Investment Management Ltd lifted its position in shares of Marsh & McLennan Companies by 3.6% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 10,499 shares of the financial services provider’s stock valued at $2,329,000 after acquiring an additional 360 shares during the period. Anchor Investment Management LLC grew its holdings in shares of Marsh & McLennan Companies by 487.5% in the 3rd quarter. Anchor Investment Management LLC now owns 517 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 429 shares during the period. Finally, World Investment Advisors LLC increased its stake in Marsh & McLennan Companies by 29.9% in the 3rd quarter. World Investment Advisors LLC now owns 17,223 shares of the financial services provider’s stock valued at $3,842,000 after purchasing an additional 3,962 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of research analyst reports. Raymond James reiterated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Finally, UBS Group upped their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Stock Down 0.0 %

MMC opened at $219.00 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The business has a 50-day moving average of $232.00 and a two-hundred day moving average of $224.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $107.95 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the previous year, the firm earned $2.89 earnings per share. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 39.95%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the business’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 transaction of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. This 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 worth $16,244,986 over the last three months. 0.35% of the stock is owned by insiders.

About Marsh & McLennan Companies

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.