Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,812 shares of the financial services provider’s stock after selling 52,605 shares during the quarter. Sei Investments Co. owned about 0.06% of Marsh & McLennan Companies worth $62,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its position in Marsh & McLennan Companies by 10.6% in the third quarter. Prospera Financial Services Inc now owns 2,525 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 241 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $209,000. Nicolet Advisory Services LLC boosted its position in shares of Marsh & McLennan Companies by 2.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 2,929 shares of the financial services provider’s stock valued at $650,000 after purchasing an additional 78 shares during the period. Cerity Partners LLC grew its stake in Marsh & McLennan Companies by 32.8% during the 3rd quarter. Cerity Partners LLC now owns 130,686 shares of the financial services provider’s stock worth $29,155,000 after buying an additional 32,312 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 7.3% in the third quarter. Kingsview Wealth Management LLC now owns 14,927 shares of the financial services provider’s stock valued at $3,330,000 after buying an additional 1,017 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,828 shares of company stock worth $13,350,279. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Down 0.6 %

Shares of NYSE MMC opened at $232.05 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $227.10 and a 200 day moving average price of $223.74. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84. The stock has a market capitalization of $113.97 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 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.