Wellington Management Group LLP lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,309,240 shares of the financial services provider's stock after selling 247,219 shares during the period. Wellington Management Group LLP owned approximately 1.69% of Marsh & McLennan Companies worth $1,764,966,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of MMC. Modera Wealth Management LLC boosted its position in 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 acquiring an additional 46 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after purchasing an additional 47 shares in the last quarter. Hemington Wealth Management grew its position in Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after purchasing an additional 48 shares in the last quarter. New England Professional Planning Group Inc. increased its stake in Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock valued at $268,000 after buying an additional 50 shares during the period. Finally, TFB Advisors LLC lifted its position 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 worth $547,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on MMC shares. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased 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 research report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Two 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $233.41.
Check Out Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Stock Performance
NYSE:MMC traded up $1.51 during trading hours on Thursday, hitting $244.34. 1,203,916 shares of the company traded hands, compared to its average volume of 1,806,517. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $120.00 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 2.70 and a beta of 0.95. The firm has a 50-day moving average of $231.26 and a 200 day moving average of $224.41. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $246.27.
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 for the quarter, topping analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Marsh & McLennan Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 yield of 1.33%. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.
Insider Buying and Selling at Marsh & McLennan Companies
In other news, 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 of the company's stock, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,397 shares of company stock valued at $15,694,684 in the last 90 days. 0.30% of the stock is currently owned by company insiders.
About Marsh & McLennan Companies
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Free Report)
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.
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