Savvy Advisors Inc. Decreases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Savvy Advisors Inc. cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 47.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,567 shares of the financial services provider's stock after selling 1,395 shares during the period. Savvy Advisors Inc.'s holdings in Marsh & McLennan Companies were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $36,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $38,000. Golden State Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays upped their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an "underperform" rating in a research note on Wednesday, April 9th. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Raymond James reiterated an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $239.53.

Marsh & McLennan Companies Trading Down 4.8 %

Shares of NYSE MMC traded down $11.17 during trading hours on Friday, hitting $220.15. 4,377,608 shares of the company traded hands, compared to its average volume of 1,860,245. The stock has a market capitalization of $108.51 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The company's 50 day moving average price is $232.95 and its 200 day moving average price is $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 quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations 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 EPS. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced 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 yield of 1.48%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Insider Activity at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of the company's 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 transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. 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 firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock worth $16,244,986 over the last three months. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies 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.