Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by USA Financial Formulas

USA Financial Formulas reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 42.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 993 shares of the financial services provider’s stock after selling 731 shares during the quarter. USA Financial Formulas’ holdings in Marsh & McLennan Companies were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Carmichael Hill & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $41,000. Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $46,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Marsh & McLennan Companies by 390.9% during the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 215 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 1.8 %

Marsh & McLennan Companies stock opened at $216.42 on Friday. The stock has a market cap of $106.29 billion, a PE ratio of 26.65, a P/E/G ratio of 2.31 and a beta of 0.96. The stock has a 50-day moving average price of $218.96 and a 200 day moving average price of $221.09. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Wall Street Analyst Weigh In

MMC has been the subject of several recent research reports. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays raised their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $228.60.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by company insiders.

About Marsh & McLennan Companies

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.