Triasima Portfolio Management inc. Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Triasima Portfolio Management inc. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,121 shares of the financial services provider’s stock after acquiring an additional 3,456 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Marsh & McLennan Companies were worth $5,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. lifted its holdings in shares of Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth $27,000. OFI Invest Asset Management acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth $28,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth $28,000. Finally, Cordant Inc. acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.6 %

Marsh & McLennan Companies stock traded down $1.12 during midday trading on Friday, reaching $198.07. The stock had a trading volume of 1,933,741 shares, compared to its average volume of 1,696,344. Marsh & McLennan Companies, Inc. has a twelve month low of $169.50 and a twelve month high of $209.20. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $97.75 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 3.63 and a beta of 0.90. The firm’s fifty day simple moving average is $202.50 and its two-hundred day simple moving average is $196.56.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.54 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. Marsh & McLennan Companies’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.56 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. 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 is currently 37.72%.

Analyst Ratings Changes

MMC has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their target price for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Finally, Royal Bank of Canada boosted their price objective on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. Two investment 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’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $204.64.

Insider Activity

In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by corporate insiders.

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.