Bp Plc Has $4.88 Million Position in Marsh & McLennan Companies, Inc. (MMC)

Bp Plc cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% during the 4th quarter, Holdings Channel reports. The firm owned 60,000 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Bp Plc’s holdings in Marsh & McLennan Companies were worth $4,884,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $102,000. Invictus RG purchased a new position in Marsh & McLennan Companies during the third quarter worth about $106,000. Legacy Advisors LLC boosted its holdings in Marsh & McLennan Companies by 1,558.8% during the fourth quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,247 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its holdings in Marsh & McLennan Companies by 5,086.2% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,504 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,475 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. purchased a new position in Marsh & McLennan Companies during the third quarter worth about $131,000. Institutional investors and hedge funds own 85.89% of the company’s stock.

In other Marsh & McLennan Companies news, insider Scott Mcdonald sold 11,418 shares of Marsh & McLennan Companies stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $84.86, for a total value of $968,931.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel S. Glaser sold 618,557 shares of Marsh & McLennan Companies stock in a transaction dated 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 completion of the sale, the insider now directly owns 279,367 shares in the company, valued at approximately $23,131,587.60. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at $79.31 on Friday. The company has a market cap of $40,480.00, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.37. Marsh & McLennan Companies, Inc. has a 12-month low of $70.45 and a 12-month high of $86.54.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Marsh & McLennan Companies had a net margin of 10.64% and a return on equity of 28.80%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. equities analysts forecast that Marsh & McLennan Companies, Inc. will post 4.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.89%. The ex-dividend date is Tuesday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 52.45%.

MMC has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Wednesday, December 27th. Royal Bank of Canada restated a “buy” rating and set a $93.00 price target on shares of Marsh & McLennan Companies in a report on Friday, December 8th. Wells Fargo & Co set a $91.00 price target on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $88.00 price target on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. Finally, Jefferies Group restated a “hold” rating on shares of Marsh & McLennan Companies in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $87.09.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.com-unik.info/2018/02/09/bp-plc-has-4-88-million-position-in-marsh-mclennan-companies-inc-mmc.html.

Marsh & McLennan Companies Company Profile

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.

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC).

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

Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit