Cambridge Investment Research Advisors Inc. Sells 856 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cambridge Investment Research Advisors Inc. decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,678 shares of the financial services provider’s stock after selling 856 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $1,834,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Westover Capital Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 53 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 56 shares in the last quarter. Baader Bank Aktiengesellschaft increased its stake in shares of Marsh & McLennan Companies by 1.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock valued at $590,000 after buying an additional 56 shares in the last quarter. InterOcean Capital Group LLC raised its holdings in shares of Marsh & McLennan Companies by 2.3% in the fourth quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock valued at $465,000 after buying an additional 56 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Marsh & McLennan Companies by 1.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,594 shares of the financial services provider’s stock worth $681,000 after buying an additional 58 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research report on Wednesday, April 17th. Morgan Stanley upped their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $210.27.

Check Out Our Latest Report on MMC

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $208.49 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12-month low of $174.26 and a 12-month high of $211.53. The firm has a fifty day moving average of $203.57 and a 200-day moving average of $199.58. The firm has a market capitalization of $102.73 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.93 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the firm posted $2.53 earnings per share. Marsh & McLennan Companies’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the 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 completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 15,129 shares of company stock worth $3,116,648 over the last ninety days. Company insiders own 0.35% of the company’s stock.

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.

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

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