Primecap Management Co. CA Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Primecap Management Co. CA reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,906,344 shares of the financial services provider’s stock after selling 26,250 shares during the period. Primecap Management Co. CA owned approximately 0.59% of Marsh & McLennan Companies worth $550,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MMC. Founders Financial Alliance LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $203,000. Nixon Peabody Trust Co. acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $13,677,000. Skopos Labs Inc. acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $623,000. Congress Wealth Management LLC DE acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $1,222,000. Finally, Advisory Services Network LLC increased its position in Marsh & McLennan Companies by 16.1% during the fourth quarter. Advisory Services Network LLC now owns 11,680 shares of the financial services provider’s stock worth $2,213,000 after purchasing an additional 1,622 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MMC shares. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Bank of America lifted their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $210.27.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO John Jude Jones sold 1,505 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $203.67, for a total transaction of $306,523.35. Following the completion of the transaction, the chief marketing officer now directly owns 7,978 shares in the company, valued at $1,624,879.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,920 shares of company stock worth $7,903,935. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Down 0.0 %

Marsh & McLennan Companies stock traded down $0.10 during trading on Friday, reaching $207.89. The stock had a trading volume of 920,165 shares, compared to its average volume of 1,646,362. Marsh & McLennan Companies, Inc. has a 52-week low of $171.47 and a 52-week high of $211.53. The business has a 50 day moving average price of $203.48 and a 200 day moving average price of $199.16. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $102.43 billion, a PE ratio of 26.38, a P/E/G ratio of 3.50 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.72 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th were given a dividend of $0.71 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

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.