Gillson Capital LP boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 186.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 163,968 shares of the financial services provider’s stock after purchasing an additional 106,738 shares during the period. Marsh & McLennan Companies makes up 2.2% of Gillson Capital LP’s investment portfolio, making the stock its 19th largest holding. Gillson Capital LP’s holdings in Marsh & McLennan Companies were worth $13,345,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Profund Advisors LLC raised its position in shares of Marsh & McLennan Companies by 25.6% in the fourth quarter. Profund Advisors LLC now owns 16,418 shares of the financial services provider’s stock valued at $1,336,000 after buying an additional 3,349 shares during the last quarter. MANA Advisors LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $514,000. Pitcairn Co. purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $236,000. Koch Industries Inc. purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $427,000. Finally, ETRADE Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 7.0% during the fourth quarter. ETRADE Capital Management LLC now owns 66,116 shares of the financial services provider’s stock worth $5,382,000 after purchasing an additional 4,341 shares in the last quarter. 85.77% of the stock is currently owned by institutional investors.
MMC has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “buy” rating and set a $93.00 target price on shares of Marsh & McLennan Companies in a research report on Friday, December 8th. Barclays increased their target price on shares of Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Zacks Investment Research raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, December 27th. UBS Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $91.00 target price on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $88.36.
In other news, insider Daniel S. Glaser sold 618,557 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $82.80, for a total transaction of $51,216,519.60. Following the sale, the insider now owns 279,367 shares in the company, valued at approximately $23,131,587.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott Mcdonald sold 11,418 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $84.86, for a total value of $968,931.48. The disclosure for this sale can be found here. Insiders have sold a total of 769,412 shares of company stock valued at $63,611,788 over the last 90 days. Corporate insiders own 1.46% of the company’s stock.
Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) traded down $0.85 during mid-day trading on Wednesday, reaching $83.77. The company had a trading volume of 1,407,472 shares, compared to its average volume of 2,259,075. The company has a market capitalization of $42,930.00, a PE ratio of 22.55, a P/E/G ratio of 1.52 and a beta of 0.97. Marsh & McLennan Companies, Inc. has a 52-week low of $71.79 and a 52-week high of $86.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.31 and a current ratio of 1.30.
Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. research analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.50 annualized dividend and a dividend yield of 1.79%. Marsh & McLennan Companies’s payout ratio is currently 40.00%.
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About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.
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