Nissay Asset Management Corp Japan ADV Sells 1,375 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Nissay Asset Management Corp Japan ADV decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,049 shares of the financial services provider’s stock after selling 1,375 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Marsh & McLennan Companies were worth $13,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. JPMorgan Chase & Co. grew its position in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after purchasing an additional 184,239 shares in the last quarter. Claro Advisors LLC grew its position in shares of Marsh & McLennan Companies by 8.5% during the 4th quarter. Claro Advisors LLC now owns 1,422 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 112 shares in the last quarter. Pallas Capital Advisors LLC grew its position in shares of Marsh & McLennan Companies by 31.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,626 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 393 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Marsh & McLennan Companies by 3.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,965 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 74 shares in the last quarter. Finally, Pines Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $258,000. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Price Performance

MMC stock opened at $222.55 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $201.77 and a 1 year high of $248.00. The company has a market cap of $109.66 billion, a P/E ratio of 27.17, a PEG ratio of 2.70 and a beta of 0.85. The firm has a 50-day moving average of $229.42 and a 200 day moving average of $224.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the prior year, the firm earned $2.89 earnings per share. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.95%.

Analyst Ratings Changes

Several research analysts recently issued reports on MMC shares. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Barclays upped their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price for the company. Finally, UBS Group upped their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $241.93.

Marsh & McLennan Companies Company 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.