Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 99.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,481 shares of the financial services provider's stock after selling 515,192 shares during the quarter. SG Americas Securities LLC's holdings in Marsh & McLennan Companies were worth $739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in shares of Marsh & McLennan Companies by 7,320.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock valued at $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. FMR LLC boosted its holdings in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock valued at $200,718,000 after acquiring an additional 504,897 shares during the period. International Assets Investment Management LLC raised its position in shares of Marsh & McLennan Companies by 31,846.5% during the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after purchasing an additional 426,425 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in Marsh & McLennan Companies by 219.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider's stock valued at $118,068,000 after purchasing an additional 363,569 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of NYSE MMC traded up $1.49 on Thursday, reaching $220.80. 2,708,983 shares of the company's stock traded hands, compared to its average volume of 2,069,081. Marsh & McLennan Companies, Inc. has a 12 month low of $190.41 and a 12 month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $108.44 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The business's 50 day simple moving average is $217.95 and its two-hundred day simple moving average is $221.40.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued 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 16.82% and a return on equity of 32.65%. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. Marsh & McLennan Companies's dividend payout ratio is currently 40.15%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MMC shares. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a "sell" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Evercore ISI reissued an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Bank of America upped their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Finally, BMO Capital Markets upped their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus target price of $228.60.

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.