Orion Portfolio Solutions LLC Sells 209 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Orion Portfolio Solutions LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 53,044 shares of the financial services provider’s stock after selling 209 shares during the period. Orion Portfolio Solutions LLC’s holdings in Marsh & McLennan Companies were worth $11,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MMC. Pictet Asset Management Holding SA boosted its position in shares of Marsh & McLennan Companies by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 538,736 shares of the financial services provider’s stock valued at $114,433,000 after buying an additional 41,828 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 6.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 368,711 shares of the financial services provider’s stock valued at $78,318,000 after acquiring an additional 23,684 shares during the last quarter. Broadway Wealth Solutions Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $1,085,000. New Age Alpha Advisors LLC lifted its position in Marsh & McLennan Companies by 1,644.1% during the fourth quarter. New Age Alpha Advisors LLC now owns 1,622 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 1,529 shares during the period. Finally, AKO Capital LLP boosted its holdings in Marsh & McLennan Companies by 4.5% in the fourth quarter. AKO Capital LLP now owns 2,062,828 shares of the financial services provider’s stock worth $438,165,000 after purchasing an additional 89,594 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock valued at $13,350,279 in the last 90 days. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $242.39 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $243.89. The stock’s 50-day simple moving average is $229.65 and its 200-day simple moving average is $224.17. The company has a market capitalization of $119.04 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results 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 return on equity of 32.60% and a net margin of 16.60%. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James reissued an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. JPMorgan Chase & Co. increased 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 upped their price target 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 dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday. They set a “buy” rating and a $281.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $233.41.

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.