XTX Topco Ltd Makes New $304,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

XTX Topco Ltd bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,429 shares of the financial services provider’s stock, valued at approximately $304,000.

Several other institutional investors have also modified their holdings of MMC. Vanguard Group Inc. increased its stake in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock worth $9,503,120,000 after buying an additional 356,618 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Marsh & McLennan Companies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider’s stock worth $2,554,841,000 after purchasing an additional 145,134 shares during the last quarter. Norges Bank bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $1,236,186,000. Amundi grew its stake in Marsh & McLennan Companies by 81.1% in the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after purchasing an additional 1,823,807 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after buying an additional 184,239 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a report on Monday. Barclays raised their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $241.93.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $219.00 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The firm has a market capitalization of $107.95 billion, a PE ratio of 26.74, a P/E/G ratio of 2.70 and a beta of 0.85. The company’s 50 day simple moving average is $232.00 and its 200 day simple moving average is $224.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter last year, the business posted $2.89 earnings per share. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.95%.

Insider Activity

In related news, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This trade represents a 14.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,634 shares of company stock worth $16,244,986. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company 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.