Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Lowered by J.Safra Asset Management Corp

J.Safra Asset Management Corp lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 580 shares of the financial services provider’s stock after selling 160 shares during the quarter. J.Safra Asset Management Corp’s holdings in Marsh & McLennan Companies were worth $110,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MMC. Exchange Traded Concepts LLC increased its stake in Marsh & McLennan Companies by 30,896.9% during the third quarter. Exchange Traded Concepts LLC now owns 9,919 shares of the financial services provider’s stock valued at $1,888,000 after purchasing an additional 9,887 shares during the last quarter. RDA Financial Network raised its stake in Marsh & McLennan Companies by 5.9% during the third quarter. RDA Financial Network now owns 1,804 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 100 shares during the period. CX Institutional lifted its holdings in Marsh & McLennan Companies by 24.2% in the third quarter. CX Institutional now owns 19,761 shares of the financial services provider’s stock worth $3,760,000 after acquiring an additional 3,855 shares during the last quarter. Builder Investment Group Inc. ADV boosted its stake in Marsh & McLennan Companies by 0.4% in the third quarter. Builder Investment Group Inc. ADV now owns 40,407 shares of the financial services provider’s stock valued at $7,689,000 after acquiring an additional 171 shares during the period. Finally, Occidental Asset Management LLC raised its position in shares of Marsh & McLennan Companies by 1.0% during the 3rd quarter. Occidental Asset Management LLC now owns 15,523 shares of the financial services provider’s stock worth $2,954,000 after purchasing an additional 161 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Martine Ferland sold 9,128 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares of the company’s stock, valued at $2,012,065.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the transaction, the chief executive officer now owns 9,979 shares in the company, valued at approximately $2,012,065.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,751 shares of company stock valued at $7,448,163. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.3 %

Marsh & McLennan Companies stock traded up $0.52 during midday trading on Thursday, reaching $201.47. The stock had a trading volume of 1,593,211 shares, compared to its average volume of 1,735,021. The firm’s fifty day simple moving average is $203.14 and its two-hundred day simple moving average is $197.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The firm has a market cap of $99.27 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.36 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Analysts Set New Price Targets

A number of research firms have issued reports on MMC. TD Cowen raised their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday. Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Evercore ISI upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $207.69.

About Marsh & McLennan Companies

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.