Hartline Investment Corp Sells 1,498 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hartline Investment Corp reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,265 shares of the financial services provider's stock after selling 1,498 shares during the period. Hartline Investment Corp's holdings in Marsh & McLennan Companies were worth $2,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC lifted its stake in shares of Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 45 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after buying an additional 47 shares in the last quarter. BSW Wealth Partners increased its position in shares of Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock valued at $242,000 after buying an additional 53 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider's stock valued at $356,000 after buying an additional 54 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC increased its position in shares of Marsh & McLennan Companies by 3.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider's stock valued at $414,000 after buying an additional 54 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded down $2.15 during mid-day trading on Friday, hitting $228.95. The stock had a trading volume of 1,691,925 shares, compared to its average volume of 2,192,041. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The stock has a market cap of $112.44 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96. The company's 50 day simple moving average is $216.71 and its 200 day simple moving average is $221.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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%. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Evercore ISI restated an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $230.44.

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.