Hartline Investment Corp Sells 1,498 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hartline Investment Corp lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,265 shares of the financial services provider’s stock after selling 1,498 shares during the quarter. Hartline Investment Corp’s holdings in Marsh & McLennan Companies were worth $2,605,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth about $31,000. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $33,000. Albion Financial Group UT bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $38,000. Finally, Capital Performance Advisors LLP bought a new stake in Marsh & McLennan Companies during the 3rd quarter valued at approximately $41,000. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the subject of several recent analyst reports. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. BMO Capital Markets increased their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Barclays raised their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, UBS Group raised their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Up 0.3 %

Shares of MMC opened at $228.03 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $194.94 and a 1 year high of $235.50. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The stock has a 50 day simple moving average of $216.81 and a 200-day simple moving average of $221.63. The stock has a market cap of $111.99 billion, a PE ratio of 27.84, a PEG ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

About Marsh & McLennan Companies

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.