Everett Harris & Co. CA Decreases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Everett Harris & Co. CA trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,196 shares of the financial services provider’s stock after selling 66 shares during the quarter. Everett Harris & Co. CA’s holdings in Marsh & McLennan Companies were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ignite Planners LLC grew its position in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 52 shares during the last quarter. Fortis Capital Advisors LLC boosted its holdings in Marsh & McLennan Companies by 4.7% during the second quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock worth $223,000 after buying an additional 53 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Marsh & McLennan Companies by 3.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 56 shares during the last quarter. PDS Planning Inc raised its position in Marsh & McLennan Companies by 2.6% during the third quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 57 shares during the last quarter. Finally, Quent Capital LLC raised its position in Marsh & McLennan Companies by 34.2% during the third quarter. Quent Capital LLC now owns 247 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 63 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded up $0.37 on Thursday, reaching $205.98. The stock had a trading volume of 1,270,285 shares, compared to its average volume of 1,681,694. Marsh & McLennan Companies, Inc. has a fifty-two week low of $163.37 and a fifty-two week high of $209.20. The business’s 50-day moving average price is $200.64 and its two-hundred day moving average price is $196.03. The stock has a market cap of $101.27 billion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Marsh & McLennan Companies’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.56 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 37.72%.

Wall Street Analyst Weigh In

MMC has been the subject of a number of analyst reports. TD Cowen initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 price objective for the company. StockNews.com lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $202.71.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,291,675. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies 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.