Adage Capital Partners GP L.L.C. reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 59.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 369,161 shares of the financial services provider's stock after selling 539,400 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Marsh & McLennan Companies worth $78,413,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Modera Wealth Management LLC raised its stake in Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 46 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after purchasing an additional 47 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after purchasing an additional 48 shares during the period. DF Dent & Co. Inc. increased its stake in Marsh & McLennan Companies by 0.9% in the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after buying an additional 49 shares during the period. Finally, New England Professional Planning Group Inc. raised its position in Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after buying an additional 50 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.
Marsh & McLennan Companies Price Performance
Shares of NYSE:MMC opened at $219.22 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The business's fifty day moving average price is $232.20 and its two-hundred day moving average price is $224.66. The stock has a market cap of $108.05 billion, a PE ratio of 26.77, a price-to-earnings-growth 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 posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter last year, the business posted $2.89 EPS. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
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 paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.95%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday. Wells Fargo & Company boosted their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Raymond James reiterated an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, UBS Group increased their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $241.93.
View Our Latest Analysis on Marsh & McLennan Companies
Insiders Place Their Bets
In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The stock was 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 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. In the last three months, insiders sold 69,634 shares of company stock valued at $16,244,986. Company insiders own 0.35% of the company's stock.
About Marsh & McLennan Companies
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Free Report)
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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