Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 89.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,320 shares of the financial services provider's stock after selling 18,737 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Marsh & McLennan Companies were worth $493,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Morse Asset Management Inc acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $75,000. Kovitz Investment Group Partners LLC raised its holdings in Marsh & McLennan Companies by 197.5% during 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 purchasing an additional 7,380 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of Marsh & McLennan Companies by 37.7% during the third quarter. EP Wealth Advisors LLC now owns 3,238 shares of the financial services provider's stock worth $722,000 after buying an additional 887 shares during the period. MML Investors Services LLC boosted its position in Marsh & McLennan Companies by 2.8% during the third quarter. MML Investors Services LLC now owns 46,735 shares of the financial services provider's stock valued at $10,426,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in Marsh & McLennan Companies by 58.7% in the third quarter. Continuum Advisory LLC now owns 1,271 shares of the financial services provider's stock worth $282,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares of the company's stock, valued at $3,326,412. This represents a 14.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 over the last quarter. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on MMC. Barclays upped their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $210.00 to $220.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 9th. 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 report on Friday, January 3rd. Finally, Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus price target of $236.12.

Marsh & McLennan Companies Price Performance

NYSE MMC traded up $4.22 during trading hours on Monday, hitting $237.56. 279,839 shares of the company's stock traded hands, compared to its average volume of 1,844,579. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $248.00. The company has a market capitalization of $117.09 billion, a PE ratio of 29.01, a PEG ratio of 2.70 and a beta of 0.85. The firm's 50-day moving average is $232.84 and its 200-day moving average is $224.62. 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 announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business 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 dividend yield of 1.37%. Marsh & McLennan Companies's payout ratio is currently 39.80%.

Marsh & McLennan Companies 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.