Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 32.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,308 shares of the financial services provider’s stock after selling 23,813 shares during the period. Sawgrass Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $9,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MMC. Valley National Advisers Inc. grew its holdings in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $27,000. Headinvest LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $28,000. Cordant Inc. acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $28,000. Finally, OFI Invest Asset Management acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of MMC traded down $0.13 during midday trading on Wednesday, reaching $203.58. 794,775 shares of the company were exchanged, compared to its average volume of 1,713,593. The stock has a 50-day moving average price of $202.81 and a 200-day moving average price of $197.67. The company has a market cap of $100.31 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 3.31 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 36.04%.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of analyst reports. Morgan Stanley increased their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. TD Cowen increased their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $207.69.

Insider Transactions at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the business’s 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 sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,751 shares of company stock valued at $7,448,163. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Company 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.