Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,260 shares of the financial services provider's stock after selling 1,200 shares during the period. IHT Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of MMC. OneDigital Investment Advisors LLC raised its position in Marsh & McLennan Companies by 33.6% in the 4th quarter. OneDigital Investment Advisors LLC now owns 19,933 shares of the financial services provider's stock valued at $4,234,000 after purchasing an additional 5,018 shares in the last quarter. Stifel Financial Corp lifted its stake in Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after acquiring an additional 1,883,146 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Marsh & McLennan Companies by 9.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 94,952 shares of the financial services provider's stock valued at $20,171,000 after purchasing an additional 8,246 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Marsh & McLennan Companies by 60.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 31,364 shares of the financial services provider's stock valued at $6,662,000 after purchasing an additional 11,806 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $219.37 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $231.78 and a 200-day simple moving average of $224.63. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The stock has a market capitalization of $108.13 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the previous year, the firm earned $2.89 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MMC. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. UBS Group increased their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Finally, Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $241.93.

Insider Buying and Selling

In other news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock valued at $16,244,986 over the last quarter. Company insiders own 0.35% 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.

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