Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,829 shares of the financial services provider's stock after selling 32,646 shares during the period. Achmea Investment Management B.V.'s holdings in Marsh & McLennan Companies were worth $7,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Impax Asset Management Group plc grew its position in Marsh & McLennan Companies by 5.6% in the 3rd quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider's stock valued at $403,200,000 after buying an additional 95,540 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Marsh & McLennan Companies by 33.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,352 shares of the financial services provider's stock valued at $525,000 after buying an additional 585 shares during the last quarter. Entropy Technologies LP purchased a new position in Marsh & McLennan Companies in the 3rd quarter valued at $849,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $1,038,000. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of Marsh & McLennan Companies by 33.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,615 shares of the financial services provider's stock worth $583,000 after purchasing an additional 661 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

MMC has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Raymond James restated an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Evercore ISI reiterated an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $230.44.

Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,317 shares of the 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 sale, the vice president now owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock worth $13,350,279 in the last three months. Company insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Trading Down 0.4 %

NYSE:MMC traded down $0.90 on Tuesday, reaching $232.01. The stock had a trading volume of 1,510,769 shares, compared to its average volume of 1,638,038. The company has a market cap of $113.95 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm's fifty day moving average is $225.34 and its two-hundred day moving average is $223.63. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.41%. Marsh & McLennan Companies's payout ratio is currently 39.80%.

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.