Union Bancaire Privee UBP SA Takes $10.37 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Union Bancaire Privee UBP SA bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,597 shares of the financial services provider’s stock, valued at approximately $10,366,000.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Parnassus Investments LLC increased its holdings in shares of Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after acquiring an additional 85,754 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after acquiring an additional 184,239 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Marsh & McLennan Companies by 1.7% in the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after purchasing an additional 58,461 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. BMO Capital Markets upped their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Trading Up 0.7 %

Shares of NYSE MMC opened at $218.94 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $107.53 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.27 and a beta of 0.96. The business has a 50 day simple moving average of $218.00 and a 200 day simple moving average of $221.30. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th 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, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

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.