Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,124,607 shares of the financial services provider's stock after selling 32,158 shares during the quarter. American Century Companies Inc. owned 0.23% of Marsh & McLennan Companies worth $238,878,000 at the end of the most recent quarter.

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

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Analysts Set New Price Targets

Several research analysts have recently weighed in on MMC shares. Raymond James restated an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, February 3rd. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday. They set a "buy" rating and a $281.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $233.41.

Marsh & McLennan Companies Stock Up 2.1 %

Shares of MMC stock traded up $4.97 on Thursday, hitting $243.77. The stock had a trading volume of 2,507,388 shares, compared to its average volume of 1,641,520. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a 50 day moving average price of $228.56 and a 200 day moving average price of $223.95. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $245.16. The company has a market cap of $119.72 billion, a PE ratio of 29.76, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued 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%. Research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock valued at $13,350,279 in the last ninety days. Company insiders own 0.30% of the company's stock.

Marsh & McLennan Companies 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.