Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 70.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,012 shares of the financial services provider’s stock after selling 2,387 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Marsh & McLennan Companies were worth $192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina boosted its holdings in shares of Marsh & McLennan Companies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after purchasing an additional 830 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Marsh & McLennan Companies by 0.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after buying an additional 10,161 shares during the period. CENTRAL TRUST Co lifted its holdings in shares of Marsh & McLennan Companies by 5.5% during the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 75 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $2,825,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s 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 sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,751 shares of company stock valued at $7,448,163. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.4 %

NYSE:MMC opened at $200.95 on Thursday. The stock has a market cap of $99.01 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $209.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50-day simple moving average is $203.13 and its 200 day simple moving average is $197.07.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the company posted $2.53 EPS. Marsh & McLennan Companies’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business 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 $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price target for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Finally, Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. 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.com, the stock currently has an average rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies 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.