Marsh & McLennan Companies (MMC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its position in shares of Marsh & McLennan Companies (NYSE:MMC) by 74.4% in the 4th quarter, Holdings Channel reports. The fund owned 3,962 shares of the financial services provider’s stock after selling 11,486 shares during the period. Jane Street Group LLC’s holdings in Marsh & McLennan Companies were worth $322,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Harrington Investments INC increased its stake in Marsh & McLennan Companies by 1.8% during the fourth quarter. Harrington Investments INC now owns 32,886 shares of the financial services provider’s stock worth $2,677,000 after acquiring an additional 589 shares during the last quarter. Calamos Wealth Management LLC grew its stake in shares of Marsh & McLennan Companies by 9.2% in the fourth quarter. Calamos Wealth Management LLC now owns 8,410 shares of the financial services provider’s stock valued at $684,000 after buying an additional 710 shares in the last quarter. Capital Management Corp VA grew its stake in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Capital Management Corp VA now owns 95,499 shares of the financial services provider’s stock valued at $7,773,000 after buying an additional 720 shares in the last quarter. Homrich & Berg grew its stake in shares of Marsh & McLennan Companies by 15.4% in the fourth quarter. Homrich & Berg now owns 5,491 shares of the financial services provider’s stock valued at $447,000 after buying an additional 732 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in shares of Marsh & McLennan Companies by 2.6% in the fourth quarter. Thrivent Financial For Lutherans now owns 30,050 shares of the financial services provider’s stock valued at $2,446,000 after buying an additional 748 shares in the last quarter. Institutional investors own 85.76% of the company’s stock.

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Shares of MMC opened at $81.97 on Friday. The stock has a market capitalization of $41,619.88, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.53 and a beta of 0.97. Marsh & McLennan Companies has a one year low of $71.79 and a one year high of $86.54. The company has a quick ratio of 1.31, a current ratio of 1.30 and a debt-to-equity ratio of 0.70.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. Marsh & McLennan Companies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share. research analysts anticipate that Marsh & McLennan Companies will post 4.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, April 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, April 9th. Marsh & McLennan Companies’s dividend payout ratio is currently 38.27%.

In related news, CFO Mark C. Mcgivney sold 22,528 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $83.59, for a total value of $1,883,115.52. Following the completion of the transaction, the chief financial officer now owns 33,839 shares of the company’s stock, valued at $2,828,602.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Mcdonald sold 11,418 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $84.86, for a total value of $968,931.48. The disclosure for this sale can be found here. Insiders sold 150,855 shares of company stock valued at $12,395,268 in the last three months. 1.16% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on MMC shares. Zacks Investment Research upgraded Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, April 3rd. Citigroup lowered their target price on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Wells Fargo reiterated a “buy” rating and issued a $91.00 target price on shares of Marsh & McLennan Companies in a research note on Thursday, February 1st. Finally, Barclays increased their target price on Marsh & McLennan Companies from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.00.

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About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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

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