Marsh & McLennan Companies, Inc. (NYSE:MMC) Stake Cut by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the financial services provider’s stock after selling 2,120 shares during the period. Everence Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $2,274,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MMC. Markel Corp increased its position in Marsh & McLennan Companies by 1.5% in the 1st quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock worth $105,456,000 after purchasing an additional 9,300 shares during the last quarter. United Bank increased its holdings in shares of Marsh & McLennan Companies by 1.9% during the 1st quarter. United Bank now owns 7,580 shares of the financial services provider’s stock valued at $1,292,000 after acquiring an additional 144 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Marsh & McLennan Companies by 1.9% during the 1st quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock valued at $6,395,000 after acquiring an additional 695 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Marsh & McLennan Companies by 43.9% during the 1st quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock valued at $714,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in shares of Marsh & McLennan Companies by 8.5% during the 1st quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 241 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $196.23 on Wednesday. The stock has a 50 day moving average of $202.63 and a two-hundred day moving average of $196.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. 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 capitalization of $96.85 billion, a P/E ratio of 26.06, a P/E/G ratio of 3.59 and a beta of 0.90.

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

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a dividend of $0.71 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 37.72%.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of analyst reports. TD Cowen initiated coverage on Marsh & McLennan Companies in a report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Morgan Stanley raised their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. Finally, Evercore ISI raised their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $204.29.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,291,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,291,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO John Jude Jones sold 1,505 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $203.67, for a total value of $306,523.35. Following the completion of the sale, the chief marketing officer now owns 7,978 shares of the company’s stock, valued at $1,624,879.26. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock worth $7,448,163 over the last ninety days. 0.35% of the stock is currently owned by corporate insiders.

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.