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

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,441 shares of the financial services provider’s stock after selling 1,500 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Marsh & McLennan Companies were worth $861,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its position in Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at $27,000. Headinvest LLC bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at $28,000. Cordant Inc. bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $28,000. Finally, OFI Invest Asset Management bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at $28,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated 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 owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies news, CMO John Jude Jones sold 1,505 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $203.67, for a total value of $306,523.35. Following the transaction, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at $1,624,879.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’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 transaction 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. Over the last 90 days, insiders sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of NYSE MMC traded down $0.31 during mid-day trading on Tuesday, reaching $201.12. The company had a trading volume of 583,449 shares, compared to its average volume of 1,720,889. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $99.10 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90. The stock’s 50 day moving average is $202.96 and its 200-day moving average is $196.98.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 earnings per share. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.64 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Analysts Set New Price Targets

Several research firms have issued reports on MMC. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday, April 17th. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price target for the company from $215.00 to $185.00 in a report on Monday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Morgan Stanley boosted their target price on shares of 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. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus 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.