King Luther Capital Management Corp Sells 2,550 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

King Luther Capital Management Corp trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,196 shares of the financial services provider's stock after selling 2,550 shares during the period. King Luther Capital Management Corp's holdings in Marsh & McLennan Companies were worth $11,724,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Raymond James restated an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $230.44.

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Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Down 1.4 %

NYSE MMC opened at $232.98 on Wednesday. The firm has a market cap of $114.42 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average price of $223.72 and a 200 day moving average price of $223.49.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

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.

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