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

Kestra Investment Management LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 35.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,082 shares of the financial services provider's stock after selling 1,167 shares during the period. Kestra Investment Management LLC's holdings in Marsh & McLennan Companies were worth $442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MMC. Geode Capital Management LLC increased its stake in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. grew its position in Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after purchasing an additional 3,300 shares in the last quarter. Citigroup Inc. boosted its stake in Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock valued at $113,384,000 after acquiring an additional 23,445 shares during the last quarter. Kinsale Capital Group Inc. boosted its stake in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock valued at $6,024,000 after acquiring an additional 3,880 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in Marsh & McLennan Companies by 197.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock valued at $2,480,000 after acquiring an additional 7,380 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $0.36 during trading hours on Friday, hitting $230.22. The stock had a trading volume of 1,034,634 shares, compared to its average volume of 2,116,005. The firm has a market capitalization of $113.07 billion, a PE ratio of 28.10, a PEG ratio of 2.63 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The stock's 50 day moving average is $217.92 and its 200 day moving average is $222.15. 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 issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MMC shares. Raymond James reiterated 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. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, February 3rd. Evercore ISI reissued an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. 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, the company currently has a consensus rating of "Hold" and a consensus price target of $230.44.

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.