Wealthcare Advisory Partners LLC Lowers Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wealthcare Advisory Partners LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,745 shares of the financial services provider’s stock after selling 218 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Valley National Advisers Inc. lifted its stake in Marsh & McLennan Companies by 343.3% in the 4th 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 in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $27,000. OFI Invest Asset Management purchased a new stake in Marsh & McLennan Companies during the 3rd quarter valued at about $28,000. Headinvest LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter valued at about $28,000. Finally, Cordant Inc. purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $28,000. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley increased their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. TD Cowen raised their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Finally, Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded up $1.12 on Tuesday, reaching $202.64. The stock had a trading volume of 246,405 shares, compared to its average volume of 1,715,417. The company has a 50 day simple moving average of $202.80 and a 200 day simple moving average of $197.56. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year 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 cap of $99.84 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the company earned $2.53 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.

Insider Transactions 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 stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, 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 related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, 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. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 over the last quarter. 0.35% of the stock is currently owned by company 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.