Edmond DE Rothschild Holding S.A. Has $9.90 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Edmond DE Rothschild Holding S.A. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 46,583 shares of the financial services provider’s stock after acquiring an additional 2,087 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Marsh & McLennan Companies were worth $9,895,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $38,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective 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. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $233.41.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock worth $13,350,279 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

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

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates 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 expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

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.