Magnetar Financial LLC Sells 15,314 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Magnetar Financial LLC cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 54.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,841 shares of the financial services provider's stock after selling 15,314 shares during the period. Magnetar Financial LLC's holdings in Marsh & McLennan Companies were worth $2,728,000 as of its most recent SEC filing.

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

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock valued at $13,350,279 in the last three months. Corporate insiders own 0.30% of the company's stock.

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Marsh & McLennan Companies Trading Up 0.9 %

NYSE MMC traded up $2.16 on Tuesday, hitting $236.78. 1,444,379 shares of the stock were exchanged, compared to its average volume of 1,638,149. The company's 50-day moving average price is $227.57 and its two-hundred day moving average price is $223.78. 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 52-week low of $196.17 and a 52-week high of $241.84. The company has a market capitalization of $116.29 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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%. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.38%. Marsh & McLennan Companies's payout ratio is 39.80%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MMC shares. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Evercore ISI reiterated an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $233.41.

Marsh & McLennan Companies Company 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.