Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,359 shares of the financial services provider’s stock after selling 260 shares during the quarter. Capital Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $887,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MMC. Bishop Rock Capital L.P. boosted its stake in shares of Marsh & McLennan Companies by 4,246.3% during the 2nd quarter. Bishop Rock Capital L.P. now owns 3,715,909 shares of the financial services provider’s stock worth $23,935,000 after acquiring an additional 3,630,413 shares in the last quarter. FMR LLC boosted its stake in shares of Marsh & McLennan Companies by 8.6% during the 2nd quarter. FMR LLC now owns 18,945,637 shares of the financial services provider’s stock worth $2,941,311,000 after acquiring an additional 1,503,889 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Marsh & McLennan Companies by 331.5% during the 1st quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock worth $311,962,000 after acquiring an additional 1,406,293 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Marsh & McLennan Companies by 133.1% during the 1st quarter. First Trust Advisors LP now owns 1,297,356 shares of the financial services provider’s stock worth $221,095,000 after acquiring an additional 740,778 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Marsh & McLennan Companies by 1.7% during the 3rd quarter. BlackRock Inc. now owns 41,313,574 shares of the financial services provider’s stock worth $6,167,702,000 after acquiring an additional 693,039 shares in the last quarter. 87.30% of the stock is owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,900 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total value of $503,730.00. Following the transaction, the director now directly owns 75,447 shares in the company, valued at $13,105,143.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Dean Michael Klisura sold 3,140 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $165.22, for a total transaction of $518,790.80. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $3,458,880.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Oscar Fanjul sold 2,900 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $173.70, for a total value of $503,730.00. Following the transaction, the director now owns 75,447 shares in the company, valued at $13,105,143.90. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $155.80 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $143.33 and a fifty-two week high of $183.14. The stock’s 50-day moving average is $167.62 and its two-hundred day moving average is $164.19. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $77.05 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC – Get Rating) last posted its earnings results on Thursday, January 26th. The financial services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.07. Marsh & McLennan Companies had a return on equity of 32.45% and a net margin of 14.72%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the company earned $1.36 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.49 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Wednesday, April 5th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.51%. Marsh & McLennan Companies’s payout ratio is presently 39.20%.

Analysts Set New Price Targets

MMC has been the subject of several recent analyst reports. Raymond James raised their target price on Marsh & McLennan Companies from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. MKM Partners raised their target price on Marsh & McLennan Companies from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, January 30th. Citigroup raised their target price on Marsh & McLennan Companies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. BMO Capital Markets initiated coverage on Marsh & McLennan Companies in a research report on Thursday, January 19th. They issued a “market perform” rating and a $168.00 target price for the company. Finally, Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $190.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $178.62.

Marsh & McLennan Companies Profile

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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.