Marsh & McLennan Companies, Inc. (NYSE:MMC) is Bonness Enterprises Inc.’s 9th Largest Position

Bonness Enterprises Inc. trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,300 shares of the financial services provider’s stock after selling 200 shares during the quarter. Marsh & McLennan Companies comprises 2.0% of Bonness Enterprises Inc.’s portfolio, making the stock its 9th biggest holding. Bonness Enterprises Inc.’s holdings in Marsh & McLennan Companies were worth $6,174,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MMC. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $36,000. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $37,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $39,000. Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $45,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Down 1.6%

NYSE MMC opened at $228.61 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $228.03 and its two-hundred day moving average is $225.63. The company has a market capitalization of $112.64 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.70 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a 1-year low of $207.06 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period in the previous year, the business earned $2.89 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target on the stock. UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $241.93.

About Marsh & McLennan Companies

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.