Everett Harris & Co. CA Sells 66 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Everett Harris & Co. CA cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,196 shares of the financial services provider’s stock after selling 66 shares during the quarter. Everett Harris & Co. CA’s holdings in Marsh & McLennan Companies were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Marsh & McLennan Companies in the third quarter worth $27,000. OFI Invest Asset Management purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth $28,000. Headinvest LLC purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth $28,000. BKM Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $31,000. Finally, RVW Wealth LLC purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth $32,000. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 approximately $611,374.68. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock worth $7,448,163 in the last 90 days. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MMC. TD Cowen began coverage on Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective for the company. StockNews.com cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Royal Bank of Canada boosted their price target 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. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a report on Tuesday, January 30th. Finally, The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price target for the company from $215.00 to $185.00 in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $202.71.

Marsh & McLennan Companies Trading Up 0.2 %

MMC traded up $0.37 during trading on Thursday, hitting $205.98. 1,270,285 shares of the stock were exchanged, compared to its average volume of 1,681,694. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $101.27 billion, a price-to-earnings ratio of 27.35, a P/E/G ratio of 2.48 and a beta of 0.90. The firm has a 50 day simple moving average of $200.64 and a 200 day simple moving average of $196.03. Marsh & McLennan Companies, Inc. has a 1 year low of $163.37 and a 1 year high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.38%. Marsh & McLennan Companies’s payout ratio is 37.72%.

About Marsh & McLennan Companies

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.