Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,542 shares of the financial services provider’s stock after selling 383 shares during the period. Marks Group Wealth Management Inc’s holdings in Marsh & McLennan Companies were worth $7,303,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina increased its position in Marsh & McLennan Companies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after acquiring an additional 830 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Marsh & McLennan Companies by 0.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after purchasing an additional 10,161 shares during the last quarter. CENTRAL TRUST Co grew its position in Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after buying an additional 75 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $2,825,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Marsh & McLennan Companies news, 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 value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total value of $1,840,478.64. Following the sale, the chief executive officer now owns 9,979 shares of the company’s stock, valued at $2,012,065.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $0.98 during mid-day trading on Monday, hitting $201.43. 1,604,401 shares of the company were exchanged, compared to its average volume of 1,736,026. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The business’s 50 day simple moving average is $202.96 and its two-hundred day simple moving average is $196.98. The company has a market capitalization of $99.41 billion, a P/E ratio of 25.56, a PEG ratio of 3.39 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.64 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 Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MMC shares. TD Cowen increased their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $207.69.

About Marsh & McLennan Companies

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.