Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 91.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,511 shares of the financial services provider's stock after selling 15,752 shares during the period. ExodusPoint Capital Management LP's holdings in Marsh & McLennan Companies were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in MMC. Financial Life Planners acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $38,000. Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $45,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Stacy Mills sold 1,317 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at $3,326,412. This trade represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,634 shares of company stock valued at $16,244,986. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MMC shares. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Barclays lifted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Finally, Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $239.53.

Marsh & McLennan Companies Trading Down 4.8 %

MMC stock traded down $11.17 during trading on Friday, reaching $220.15. 4,377,608 shares of the stock were exchanged, compared to its average volume of 1,860,245. Marsh & McLennan Companies, Inc. has a 1 year low of $196.72 and a 1 year high of $248.00. The firm has a market capitalization of $108.51 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 2.70 and a beta of 0.85. The business has a 50 day moving average price of $232.95 and a 200-day moving average price of $224.77. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $2.89 earnings per share. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

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.