Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Reduced by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 48.6% during the 4th quarter, Holdings Channel reports. The firm owned 14,681 shares of the financial services provider’s stock after selling 13,881 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Marsh & McLennan Companies were worth $2,552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MMC. Valley National Advisers Inc. raised its position in Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $27,000. OFI Invest Asset Management purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $28,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at approximately $28,000. Finally, Cordant Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $28,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,291,675. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,751 shares of company stock valued at $7,448,163. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MMC shares. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research note on Wednesday, April 17th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their target price for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Finally, Morgan Stanley raised their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Stock Up 0.4 %

NYSE MMC traded up $0.86 on Tuesday, hitting $199.34. 649,848 shares of the company were exchanged, compared to its average volume of 1,717,106. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a market cap of $98.22 billion, a PE ratio of 25.19, a PEG ratio of 3.30 and a beta of 0.90. The stock has a fifty day moving average of $203.06 and a 200-day moving average of $197.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 EPS. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.