Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,196 shares of the financial services provider’s stock after selling 2,550 shares during the quarter. King Luther Capital Management Corp’s holdings in Marsh & McLennan Companies were worth $11,724,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Amundi boosted its stake in shares of Marsh & McLennan Companies by 81.1% during the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after acquiring an additional 1,823,807 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Marsh & McLennan Companies by 7,320.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after buying an additional 1,093,817 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth $207,278,000. Proficio Capital Partners LLC raised its position in Marsh & McLennan Companies by 29,648.6% during the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock worth $146,346,000 after acquiring an additional 686,662 shares during the period. Finally, FMR LLC grew its position 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 purchasing an additional 518,185 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two investment 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, the company currently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $232.98 on Wednesday. The business’s fifty day simple moving average is $223.72 and its 200-day simple moving average is $223.49. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $114.42 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

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.