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

USA Financial Formulas decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 42.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MMC. Mercer Global Advisors Inc. ADV lifted its position in Marsh & McLennan Companies by 4.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 47,729 shares of the financial services provider’s stock valued at $10,057,000 after buying an additional 2,103 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Marsh & McLennan Companies by 18.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,840 shares of the financial services provider’s stock valued at $2,284,000 after buying an additional 1,718 shares during the last quarter. Richardson Financial Services Inc. lifted its position in Marsh & McLennan Companies by 390.9% in the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock valued at $57,000 after buying an additional 215 shares during the last quarter. MQS Management LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at about $662,000. Finally, Ieq Capital LLC lifted its position in Marsh & McLennan Companies by 6.6% in the second quarter. Ieq Capital LLC now owns 30,335 shares of the financial services provider’s stock valued at $6,392,000 after buying an additional 1,869 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. 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 report on Friday, October 18th. Bank of America increased their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased 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 report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $228.60.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the 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 transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 1.8 %

MMC stock opened at $216.42 on Friday. The firm has a market capitalization of $106.29 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.31 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The company’s 50 day moving average price is $218.96 and its 200 day moving average price is $221.09.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 earnings per share. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

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.