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

QRG Capital Management Inc. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,748 shares of the financial services provider's stock after selling 2,549 shares during the quarter. QRG Capital Management Inc.'s holdings in Marsh & McLennan Companies were worth $20,125,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Heritage Oak Wealth Advisors LLC bought a new position in Marsh & McLennan Companies in the fourth quarter worth approximately $248,000. Proficio Capital Partners LLC grew its position in Marsh & McLennan Companies by 29,648.6% in the 4th quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider's stock valued at $146,346,000 after purchasing an additional 686,662 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Marsh & McLennan Companies by 0.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 69,814 shares of the financial services provider's stock worth $14,829,000 after buying an additional 294 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Marsh & McLennan Companies by 1.9% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 194,788 shares of the financial services provider's stock valued at $41,375,000 after buying an additional 3,700 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Marsh & McLennan Companies by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 72,824 shares of the financial services provider's stock worth $15,469,000 after acquiring an additional 188 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

MMC stock traded up $1.69 during mid-day trading on Monday, hitting $239.53. The company had a trading volume of 1,986,742 shares, compared to its average volume of 2,116,101. The company has a 50-day moving average price of $220.47 and a 200 day moving average price of $222.84. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $239.81. The company has a market capitalization of $117.64 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.70 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 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%. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio is 39.80%.

Wall Street Analyst Weigh In

MMC has been the subject of several research analyst reports. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI restated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, February 3rd. Raymond James restated an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $230.44.

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.