Brighton Jones LLC Has $1.78 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Brighton Jones LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,400 shares of the financial services provider’s stock after selling 235 shares during the period. Brighton Jones LLC’s holdings in Marsh & McLennan Companies were worth $1,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. lifted its holdings in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $27,000. OFI Invest Asset Management acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $28,000. Headinvest LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $28,000. Finally, Cordant Inc. acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $28,000. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The stock was 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 of the company’s stock, valued at $611,374.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following 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 legal filing with the SEC, which is available through this link. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 over the last ninety days. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $199.43 on Wednesday. The stock has a market cap of $98.26 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock’s 50-day moving average is $203.03 and its 200-day moving average is $197.31. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20.

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

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis 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 currently 36.04%.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Morgan Stanley boosted their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Finally, Evercore ISI boosted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies 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.