Corient Private Wealth LLC Has $76.69 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Corient Private Wealth LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,042 shares of the financial services provider's stock after selling 60,686 shares during the period. Corient Private Wealth LLC owned about 0.07% of Marsh & McLennan Companies worth $76,689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $36,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $45,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research analyst reports. JPMorgan Chase & Co. raised 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. Raymond James restated an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Evercore ISI restated an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company 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 assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of "Hold" and an average target price of $230.44.

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Insider Buying and Selling

In related news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % 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 valued at $13,350,279 over the last three months. Company insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded up $0.92 during midday trading on Thursday, reaching $233.49. 1,675,311 shares of the company traded hands, compared to its average volume of 1,638,418. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84. The stock has a 50-day moving average price of $226.21 and a 200 day moving average price of $223.73. 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 company has a market cap of $114.68 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.70 and a beta of 0.95.

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, topping 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%. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is currently 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.