Boston Family Office LLC Sells 1,451 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Boston Family Office LLC trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,164 shares of the financial services provider's stock after selling 1,451 shares during the quarter. Marsh & McLennan Companies accounts for 1.6% of Boston Family Office LLC's portfolio, making the stock its 20th biggest holding. Boston Family Office LLC's holdings in Marsh & McLennan Companies were worth $22,763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Marsh & McLennan Companies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 12,050,565 shares of the financial services provider's stock valued at $2,554,841,000 after purchasing an additional 145,134 shares during the last quarter. National Bank of Canada FI increased its position in shares of Marsh & McLennan Companies by 3.9% during the fourth quarter. National Bank of Canada FI now owns 655,909 shares of the financial services provider's stock valued at $139,326,000 after acquiring an additional 24,746 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in Marsh & McLennan Companies by 1.4% in the 4th quarter. HighPoint Advisor Group LLC now owns 10,629 shares of the financial services provider's stock worth $2,423,000 after acquiring an additional 150 shares during the last quarter. Franklin Resources Inc. boosted its stake in Marsh & McLennan Companies by 473.2% during the 4th quarter. Franklin Resources Inc. now owns 927,525 shares of the financial services provider's stock valued at $197,016,000 after purchasing an additional 765,696 shares during the last quarter. Finally, Summit Financial LLC increased its holdings in shares of Marsh & McLennan Companies by 2.9% in the 4th quarter. Summit Financial LLC now owns 13,024 shares of the financial services provider's stock worth $2,766,000 after purchasing an additional 370 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

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 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 sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,397 shares of company stock valued at $15,694,684. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded down $14.33 on Friday, reaching $229.94. 5,141,223 shares of the stock were exchanged, compared to its average volume of 1,818,732. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $248.00. The firm has a market capitalization of $113.34 billion, a PE ratio of 28.08, a PEG ratio of 2.70 and a beta of 0.85. The company's 50-day simple moving average is $232.01 and its two-hundred day simple moving average is $224.52.

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 EPS for the quarter, beating 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%. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 dividend yield of 1.42%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Raymond James reaffirmed an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Two equities 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $233.41.

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.