Fmr LLC Trims Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

FMR LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,234,404 shares of the financial services provider's stock after selling 210,706 shares during the period. FMR LLC owned about 4.32% of Marsh & McLennan Companies worth $4,510,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Financial Life Planners bought a new position in Marsh & McLennan Companies during the 4th quarter worth about $33,000. Sierra Ocean LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $36,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the fourth quarter worth approximately $38,000. Golden State Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $45,000. Institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped 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. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James restated an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, UBS Group upped their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus price target of $234.65.

Remove Ads

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded up $5.17 during trading hours on Friday, reaching $233.94. The company had a trading volume of 818,921 shares, compared to its average volume of 1,844,867. 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, Inc. has a 1-year low of $196.17 and a 1-year high of $248.00. The business's 50 day moving average price is $232.63 and its 200-day moving average price is $224.55. The firm has a market cap of $115.31 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 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%. Research 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.80%.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 9,569 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at $5,129,075. This represents a 31.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock valued at $16,244,986 over the last 90 days. Corporate insiders own 0.30% of the company's stock.

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.