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

Jump Financial LLC reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 59.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,565 shares of the financial services provider's stock after selling 67,851 shares during the quarter. Jump Financial LLC's holdings in Marsh & McLennan Companies were worth $9,678,000 at the end of the most recent quarter.

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

Marsh & McLennan Companies Stock Down 4.8 %

Shares of MMC stock traded down $11.17 on Friday, reaching $220.15. 4,377,608 shares of the company were exchanged, compared to its average volume of 1,860,245. 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 50-day moving average of $232.95 and a 200-day moving average of $224.77. The company has a market cap of $108.51 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a one year low of $196.72 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced 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. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. During the same quarter last year, the firm posted $2.89 earnings per share. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 over the last 90 days. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $210.00 to $220.00 and gave the stock an "underperform" rating in a report on Wednesday, April 9th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Barclays increased their price objective 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. JPMorgan Chase & Co. upped their price target 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. Finally, Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $239.53.

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.