Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Evercore Wealth Management LLC

Evercore Wealth Management LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,096 shares of the financial services provider's stock after selling 2,153 shares during the quarter. Evercore Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $1,720,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $36,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $38,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of Marsh & McLennan Companies stock traded up $0.41 on Friday, reaching $219.37. 3,174,623 shares of the company were exchanged, compared to its average volume of 1,873,084. The stock's 50 day moving average price is $231.78 and its 200-day moving average price is $224.61. The company has a market cap of $108.09 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 1-year low of $196.72 and a 1-year high of $248.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter in the prior year, the business posted $2.89 EPS. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced 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 1.49%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.95%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, 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 value of $11,367,602.40. Following the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the business'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 $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock worth $16,244,986 in the last ninety days. 0.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. UBS Group boosted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Finally, Barclays upped their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven 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 a consensus target price of $241.93.

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.