Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,811 shares of the financial services provider’s stock after selling 170 shares during the period. Cahaba Wealth Management Inc.’s holdings in Marsh & McLennan Companies were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Cordant Inc. acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $28,000. Private Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $560,000. Drive Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 4.7% during the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock worth $258,000 after buying an additional 61 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of Marsh & McLennan Companies by 5.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 1,952 shares of the financial services provider’s stock worth $370,000 after buying an additional 96 shares during the period. Finally, Prio Wealth Limited Partnership boosted its stake in shares of Marsh & McLennan Companies by 0.5% during the fourth quarter. Prio Wealth Limited Partnership now owns 124,719 shares of the financial services provider’s stock worth $23,631,000 after buying an additional 609 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.4 %

NYSE MMC traded down $0.81 during mid-day trading on Tuesday, reaching $203.08. 1,914,123 shares of the stock were exchanged, compared to its average volume of 1,672,958. Marsh & McLennan Companies, Inc. has a 1-year low of $165.86 and a 1-year high of $209.20. The business’s fifty day simple moving average is $201.04 and its 200 day simple moving average is $196.20. The stock has a market capitalization of $99.85 billion, a PE ratio of 26.97, a PEG ratio of 2.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. Marsh & McLennan Companies’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $1.47 EPS. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 37.72%.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a report on Tuesday, January 30th. TD Cowen began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 target price for the company. Royal Bank of Canada raised their price objective on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Friday, January 26th. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $202.71.

Read Our Latest Stock Analysis on Marsh & McLennan Companies

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,291,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 in the last quarter. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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