CHURCHILL MANAGEMENT Corp Sells 797 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

CHURCHILL MANAGEMENT Corp cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,782 shares of the financial services provider’s stock after selling 797 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Marsh & McLennan Companies were worth $6,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its holdings in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after acquiring an additional 830 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Marsh & McLennan Companies by 4.3% in the second quarter. Epoch Investment Partners Inc. now owns 312,437 shares of the financial services provider’s stock worth $58,763,000 after buying an additional 12,970 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $2,825,000. DNB Asset Management AS raised its position in shares of Marsh & McLennan Companies by 4.7% in the 4th quarter. DNB Asset Management AS now owns 120,411 shares of the financial services provider’s stock worth $22,814,000 after acquiring an additional 5,405 shares in the last quarter. Finally, Eqis Capital Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 92.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 4,553 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 2,185 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.5 %

Shares of NYSE:MMC opened at $204.42 on Monday. The company has a market capitalization of $100.51 billion, a PE ratio of 27.15, a PEG ratio of 2.50 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12-month low of $156.78 and a 12-month high of $209.20. The business has a 50 day moving average of $200.16 and a two-hundred day moving average of $195.85. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.56 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio is currently 37.72%.

Insider Activity

In other news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock worth $7,448,163 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MMC has been the subject of several analyst reports. Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. TD Cowen initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $202.71.

Get Our Latest Analysis on Marsh & McLennan Companies

Marsh & McLennan Companies Company Profile

(Free Report)

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.

Further Reading

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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