Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 48.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 465,627 shares of the financial services provider's stock after selling 439,907 shares during the quarter. Schroder Investment Management Group owned 0.09% of Marsh & McLennan Companies worth $98,704,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Modera Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after purchasing an additional 46 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 47 shares during the last quarter. Hemington Wealth Management lifted its position in shares of Marsh & McLennan Companies by 6.7% in the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after acquiring an additional 48 shares in the last quarter. New England Professional Planning Group Inc. increased its position in shares of Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after purchasing an additional 50 shares in the last quarter. Finally, TFB Advisors LLC raised its stake in Marsh & McLennan Companies by 2.0% in the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock valued at $547,000 after purchasing an additional 51 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

MMC has been the subject of a number of research reports. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, February 3rd. 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 research note on Friday, January 3rd. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Raymond James reaffirmed an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price objective 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $233.41.

Insiders Place Their Bets

In other news, CEO Dean Michael Klisura sold 9,569 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $245.00, for a total value of $2,344,405.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $5,129,075. This trade represents a 31.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now owns 28,329 shares in the company, valued at $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 67,397 shares of company stock worth $15,694,684 in the last ninety days. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Up 1.1 %

Shares of NYSE:MMC traded up $2.58 during mid-day trading on Thursday, reaching $245.41. 1,073,338 shares of the company were exchanged, compared to its average volume of 1,806,010. The firm has a market cap of $120.53 billion, a price-to-earnings ratio of 29.94, 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, Inc. has a 1 year low of $196.17 and a 1 year high of $246.27. The firm's 50-day simple moving average is $231.26 and its 200 day simple moving average is $224.41.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 32.60% and a net margin of 16.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

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.