Alerus Financial NA Sells 1,684 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Alerus Financial NA lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,669 shares of the financial services provider's stock after selling 1,684 shares during the period. Alerus Financial NA's holdings in Marsh & McLennan Companies were worth $3,541,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MMC. Modera Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after acquiring an additional 46 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management lifted its position in shares of Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after purchasing an additional 48 shares during the period. New England Professional Planning Group Inc. boosted its stake in shares of Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 50 shares during the last quarter. Finally, TFB Advisors LLC increased its position in shares of Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock worth $547,000 after buying an additional 51 shares during the period. Institutional investors own 87.99% of the company's stock.

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Analyst Ratings Changes

A number of analysts have commented on MMC shares. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Raymond James reaffirmed an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased 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 note on Friday, January 3rd. Finally, Wells Fargo & Company upped 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $233.41.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,828 shares of company stock worth $13,350,279. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded up $0.19 during mid-day trading on Tuesday, hitting $244.22. 552,104 shares of the stock were exchanged, compared to its average volume of 1,799,080. The company has a 50-day simple moving average of $230.22 and a 200 day simple moving average of $224.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $245.98. The company has a market capitalization of $119.94 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.70 and a beta of 0.95.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.33%. Marsh & McLennan Companies's payout ratio is 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.