Bp Plc Sells 5,000 Shares of Marsh & McLennan Companies, Inc. (MMC)

Bp Plc reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,000 shares of the financial services provider’s stock after selling 5,000 shares during the period. Bp Plc’s holdings in Marsh & McLennan Companies were worth $4,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MMC. Oregon Public Employees Retirement Fund lifted its holdings in shares of Marsh & McLennan Companies by 7,364.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,053,539 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 8,932,244 shares in the last quarter. Capital International Investors lifted its holdings in shares of Marsh & McLennan Companies by 54.5% in the 3rd quarter. Capital International Investors now owns 19,177,774 shares of the financial services provider’s stock worth $1,586,385,000 after purchasing an additional 6,762,637 shares in the last quarter. FMR LLC lifted its holdings in shares of Marsh & McLennan Companies by 33.6% in the 3rd quarter. FMR LLC now owns 7,809,104 shares of the financial services provider’s stock worth $645,969,000 after purchasing an additional 1,962,468 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Marsh & McLennan Companies by 79.1% in the 3rd quarter. Deutsche Bank AG now owns 2,739,980 shares of the financial services provider’s stock worth $226,646,000 after purchasing an additional 1,209,711 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Marsh & McLennan Companies by 2.8% in the 3rd quarter. BlackRock Inc. now owns 39,673,471 shares of the financial services provider’s stock worth $3,281,788,000 after purchasing an additional 1,073,174 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

Shares of NYSE:MMC opened at $91.24 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.73. Marsh & McLennan Companies, Inc. has a 1-year low of $74.30 and a 1-year high of $92.15. The firm has a market cap of $45.79 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.62 and a beta of 0.87.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.72 billion. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 4.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Wednesday, January 30th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 38.16%.

In other Marsh & McLennan Companies news, insider Scott Mcdonald sold 11,245 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $90.34, for a total transaction of $1,015,873.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP E Scott Gilbert sold 89,789 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $90.05, for a total value of $8,085,499.45. Following the transaction, the senior vice president now owns 94,957 shares in the company, valued at $8,550,877.85. The disclosure for this sale can be found here. 1.16% of the stock is currently owned by company insiders.

MMC has been the topic of a number of recent research reports. Compass Point initiated coverage on Marsh & McLennan Companies in a report on Tuesday, January 15th. They issued a “neutral” rating and a $86.00 target price on the stock. Wells Fargo & Co set a $93.00 target price on Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Thursday, October 25th. Morgan Stanley increased their target price on Marsh & McLennan Companies from $90.00 to $93.00 and gave the stock a “hold” rating in a report on Wednesday, November 14th. Citigroup set a $99.00 target price on Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Saturday, February 2nd. Finally, Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $92.80.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

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