Cibc World Markets Corp Sells 17,858 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cibc World Markets Corp lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,533 shares of the financial services provider's stock after selling 17,858 shares during the period. Cibc World Markets Corp's holdings in Marsh & McLennan Companies were worth $16,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC grew its stake in Marsh & McLennan Companies by 2.2% during the 3rd 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 acquiring an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. grew its position in Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock valued at $1,744,000 after purchasing an additional 3,300 shares in the last quarter. Citigroup Inc. increased its stake in Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock valued at $113,384,000 after buying an additional 23,445 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock worth $2,480,000 after buying an additional 7,380 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 4.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider's stock valued at $19,461,000 after acquiring an additional 3,553 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

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Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $1.32 during trading hours on Friday, reaching $232.05. 3,067,065 shares of the company's stock were exchanged, compared to its average volume of 2,066,602. The business has a fifty day moving average price of $226.65 and a 200-day moving average price of $223.79. The stock has a market capitalization of $113.97 billion, a P/E ratio of 28.33, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on 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. Barclays boosted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Evercore ISI reissued an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Raymond James reaffirmed 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus target price of $230.44.

Insider Activity

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 sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The sale was disclosed in a document filed 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 shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $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. In the last three months, insiders have sold 57,828 shares of company stock worth $13,350,279. Corporate insiders own 0.30% of the company's stock.

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.