Bank Julius Baer & Co. Ltd Zurich Has $17.74 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bank Julius Baer & Co. Ltd Zurich boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,602 shares of the financial services provider’s stock after acquiring an additional 6,340 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Marsh & McLennan Companies were worth $17,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Impax Asset Management Group plc bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $261,787,000. Assenagon Asset Management S.A. boosted its position in shares of Marsh & McLennan Companies by 3,413.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 532,670 shares of the financial services provider’s stock valued at $100,925,000 after buying an additional 517,510 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Marsh & McLennan Companies by 1,496.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 447,000 shares of the financial services provider’s stock valued at $85,064,000 after buying an additional 419,000 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Marsh & McLennan Companies by 60.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 791,161 shares of the financial services provider’s stock valued at $150,558,000 after buying an additional 298,300 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Marsh & McLennan Companies by 4.8% during the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock valued at $1,137,960,000 after buying an additional 271,408 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock valued at $7,448,163 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE MMC traded down $3.52 during trading on Friday, reaching $197.95. The company’s stock had a trading volume of 1,783,598 shares, compared to its average volume of 1,735,621. The stock has a market capitalization of $97.53 billion, a PE ratio of 25.57, a P/E/G ratio of 3.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day moving average of $203.14 and a 200 day moving average of $197.10. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.53 EPS. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Evercore ISI boosted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price objective for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. UBS Group boosted their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley boosted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Company Profile

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 through Risk and Insurance Services, and Consulting segments. 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, strategic advisory services, and analytics solutions, and insurance program management services.