Davis R M Inc. Sells 44 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Davis R M Inc. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,618 shares of the financial services provider’s stock after selling 44 shares during the period. Davis R M Inc.’s holdings in Marsh & McLennan Companies were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Morton Community Bank raised its holdings in Marsh & McLennan Companies by 0.8% in the 4th quarter. Morton Community Bank now owns 18,463 shares of the financial services provider’s stock worth $3,922,000 after acquiring an additional 140 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Marsh & McLennan Companies by 30.2% in the fourth quarter. Tortoise Investment Management LLC now owns 556 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 129 shares during the period. Independent Advisor Alliance lifted its position in shares of Marsh & McLennan Companies by 119.5% during the 4th quarter. Independent Advisor Alliance now owns 4,635 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 2,523 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Marsh & McLennan Companies by 7.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 64,564 shares of the financial services provider’s stock valued at $13,714,000 after purchasing an additional 4,277 shares during the period. Finally, FWG Holdings LLC increased its position in Marsh & McLennan Companies by 32.5% in the 4th quarter. FWG Holdings LLC now owns 1,464 shares of the financial services provider’s stock worth $321,000 after buying an additional 359 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 1.4 %

Shares of NYSE:MMC opened at $232.98 on Wednesday. The company has a market capitalization of $114.42 billion, a PE ratio of 28.45, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day moving average is $223.72 and its 200-day moving average is $223.49. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Ratings Changes

Several research firms have recently weighed in on MMC. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Finally, Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $230.44.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Profile

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.