Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Lowered by FORA Capital LLC

FORA Capital LLC decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 96.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028 shares of the financial services provider’s stock after selling 25,906 shares during the period. FORA Capital LLC’s holdings in Marsh & McLennan Companies were worth $218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter worth approximately $39,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $41,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.7 %

Shares of NYSE MMC opened at $226.79 on Friday. The business has a 50 day simple moving average of $230.14 and a 200 day simple moving average of $224.66. Marsh & McLennan Companies, Inc. has a 52 week low of $201.77 and a 52 week high of $248.00. The stock has a market cap of $111.75 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter last year, the firm earned $2.89 EPS. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.95%.

Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock valued at $16,244,986 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Barclays upped their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Raymond James reissued an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Finally, UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.