Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 580 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)


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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,805 shares of the financial services provider’s stock after selling 580 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Marsh & McLennan Companies were worth $951,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. FDx Advisors Inc. lifted its stake in Marsh & McLennan Companies by 5.5% during the 1st quarter. FDx Advisors Inc. now owns 52,161 shares of the financial services provider’s stock valued at $6,353,000 after acquiring an additional 2,711 shares in the last quarter. Norway Savings Bank increased its position in shares of Marsh & McLennan Companies by 17.5% during the 1st quarter. Norway Savings Bank now owns 4,057 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 605 shares during the last quarter. Gofen & Glossberg LLC IL increased its position in shares of Marsh & McLennan Companies by 67.0% during the 1st quarter. Gofen & Glossberg LLC IL now owns 3,738 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 1,500 shares during the last quarter. Carnegie Capital Asset Management LLC increased its position in shares of Marsh & McLennan Companies by 5.5% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 18,092 shares of the financial services provider’s stock valued at $2,194,000 after purchasing an additional 938 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its position in shares of Marsh & McLennan Companies by 1.6% during the 1st quarter. Calamos Wealth Management LLC now owns 55,213 shares of the financial services provider’s stock valued at $6,725,000 after purchasing an additional 885 shares during the last quarter. Institutional investors and hedge funds own 86.56% of the company’s stock.

MMC opened at $126.96 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27. Marsh & McLennan Companies, Inc. has a 52-week low of $91.80 and a 52-week high of $127.13. The stock has a market capitalization of $64.52 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.88 and a beta of 0.86. The stock’s 50 day moving average price is $119.80 and its 200-day moving average price is $115.07.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Wednesday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.06. Marsh & McLennan Companies had a return on equity of 31.20% and a net margin of 11.91%. The firm had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the firm earned $1.19 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Wednesday, April 7th will be paid a $0.465 dividend. The ex-dividend date is Tuesday, April 6th. This represents a $1.86 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s payout ratio is 39.91%.

In related news, CFO Mark C. Mcgivney sold 6,125 shares of the company’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $115.28, for a total value of $706,090.00. 0.90% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on the company. Citigroup raised their target price on Marsh & McLennan Companies from $125.00 to $130.00 in a research report on Wednesday, March 31st. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $126.00 to $112.00 in a report on Friday, January 8th. Raymond James lowered Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating in a report on Thursday. Credit Suisse Group raised Marsh & McLennan Companies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $120.00 to $130.00 in a report on Monday, January 11th. Finally, Morgan Stanley lifted their price objective on Marsh & McLennan Companies from $124.00 to $126.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $118.00.

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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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