Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by JGP Wealth Management LLC

JGP Wealth Management LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,478 shares of the financial services provider’s stock after selling 77 shares during the period. JGP Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $848,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Marshall Financial Group LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $757,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $121,000. BKM Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $31,000. Meritas Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies by 14.5% during the 4th quarter. Meritas Wealth Management LLC now owns 2,771 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 350 shares during the period. Finally, Strategic Investment Advisors MI boosted its position in shares of Marsh & McLennan Companies by 1.5% during the 4th quarter. Strategic Investment Advisors MI now owns 15,783 shares of the financial services provider’s stock worth $2,990,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. TD Cowen initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective for the company. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research report on Tuesday, January 30th. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price target for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $202.71.

Marsh & McLennan Companies Stock Up 0.3 %

Shares of MMC traded up $0.56 during midday trading on Monday, reaching $206.90. The stock had a trading volume of 1,157,806 shares, compared to its average volume of 1,676,023. Marsh & McLennan Companies, Inc. has a 1-year low of $156.03 and a 1-year high of $209.20. The company’s fifty day simple moving average is $199.15 and its two-hundred day simple moving average is $195.54. The company has a market cap of $101.72 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.54 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period last year, the business earned $1.47 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a dividend of $0.71 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio is currently 37.72%.

Insider Buying and Selling

In related news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction on 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 sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 in the last ninety days. 0.30% of the stock is owned by corporate insiders.

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.