Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,045 shares of the financial services provider’s stock after selling 79 shares during the period. Capital Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after buying an additional 504,897 shares during the period. International Assets Investment Management LLC grew its position in shares of Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock valued at $95,430,000 after purchasing an additional 426,425 shares during the last quarter. Truist Financial Corp grew its position in shares of Marsh & McLennan Companies by 93.9% in the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock valued at $160,563,000 after purchasing an additional 368,970 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after purchasing an additional 363,569 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company cut their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $212.51 on Thursday. 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. The stock has a market cap of $104.37 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The company has a 50-day moving average price of $219.17 and a two-hundred day moving average price of $221.15.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.53%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

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.