Alliancebernstein L.P. Sells 12,375 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Alliancebernstein L.P. decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,338,413 shares of the financial services provider's stock after selling 12,375 shares during the period. Alliancebernstein L.P. owned 0.27% of Marsh & McLennan Companies worth $284,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $1,236,186,000. Amundi grew its holdings in Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after acquiring an additional 1,823,807 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock valued at $235,511,000 after acquiring an additional 1,093,817 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $207,278,000. Finally, Proficio Capital Partners LLC grew its stake in shares of Marsh & McLennan Companies by 29,648.6% during the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider's stock worth $146,346,000 after purchasing an additional 686,662 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The stock was 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 in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $5,129,075. This represents a 31.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,397 shares of company stock valued at $15,694,684. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MMC shares. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. Keefe, Bruyette & Woods cut 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 report on Monday, February 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company raised their price objective 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 issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $233.41.

Marsh & McLennan Companies Stock Down 5.9 %

Marsh & McLennan Companies stock traded down $14.33 during mid-day trading on Friday, reaching $229.94. The company's stock had a trading volume of 5,141,223 shares, compared to its average volume of 1,818,732. The business's 50 day simple moving average is $232.01 and its 200 day simple moving average is $224.52. 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 $248.00. The company has a market capitalization of $113.34 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current 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 $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is presently 39.80%.

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.