Sei Investments Co. Sells 52,605 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sei Investments Co. trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 295,812 shares of the financial services provider's stock after selling 52,605 shares during the quarter. Sei Investments Co. owned 0.06% of Marsh & McLennan Companies worth $62,833,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MMC. Prospera Financial Services Inc grew its position in shares of Marsh & McLennan Companies by 10.6% during the 3rd quarter. Prospera Financial Services Inc now owns 2,525 shares of the financial services provider's stock valued at $563,000 after purchasing an additional 241 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in Marsh & McLennan Companies during the third quarter valued at $209,000. Nicolet Advisory Services LLC increased its stake in Marsh & McLennan Companies by 2.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 2,929 shares of the financial services provider's stock worth $650,000 after acquiring an additional 78 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Marsh & McLennan Companies by 32.8% in the 3rd quarter. Cerity Partners LLC now owns 130,686 shares of the financial services provider's stock valued at $29,155,000 after acquiring an additional 32,312 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies by 7.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 14,927 shares of the financial services provider's stock valued at $3,330,000 after acquiring an additional 1,017 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

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Marsh & McLennan Companies Trading Up 2.1 %

Shares of MMC stock traded up $4.97 during mid-day trading on Thursday, reaching $243.77. The stock had a trading volume of 2,507,388 shares, compared to its average volume of 1,641,520. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $119.72 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The stock's 50-day moving average price is $228.56 and its two-hundred day moving average price is $223.95. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $245.16.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now directly 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. Insiders have sold a total of 57,828 shares of company stock worth $13,350,279 in the last quarter. Corporate insiders own 0.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MMC. Raymond James reiterated an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday. They set a "buy" rating and a $281.00 price objective for the company. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $233.41.

About Marsh & McLennan Companies

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.