Brown Brothers Harriman & Co. Cuts Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Brown Brothers Harriman & Co. decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,450 shares of the financial services provider's stock after selling 4,907 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Marsh & McLennan Companies were worth $23,886,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Level Four Advisory Services LLC boosted its stake in shares of Marsh & McLennan Companies by 3.2% during the 4th quarter. Level Four Advisory Services LLC now owns 3,497 shares of the financial services provider's stock worth $743,000 after acquiring an additional 109 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Marsh & McLennan Companies by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 538,736 shares of the financial services provider's stock valued at $114,433,000 after purchasing an additional 41,828 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Marsh & McLennan Companies by 6.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 368,711 shares of the financial services provider's stock valued at $78,318,000 after purchasing an additional 23,684 shares during the period. Broadway Wealth Solutions Inc. purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth about $1,085,000. Finally, New Age Alpha Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 1,644.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 1,622 shares of the financial services provider's stock valued at $345,000 after buying an additional 1,529 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, VP Stacy Mills sold 1,317 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 $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares of the company's stock, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the 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 $1,673,221.37. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 67,397 shares of company stock valued at $15,694,684. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of Marsh & McLennan Companies stock traded down $0.13 on Wednesday, reaching $243.87. The company had a trading volume of 706,785 shares, compared to its average volume of 1,803,920. The firm's 50-day moving average price is $230.73 and its two-hundred day moving average price is $224.28. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $245.98. The firm has a market cap of $119.77 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 2.70 and a beta of 0.95. 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 released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Ratings Changes

MMC has been the subject of several analyst reports. Raymond James reissued an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Redburn Atlantic initiated 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 on the stock. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods cut their target price 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $233.41.

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.