Mackenzie Financial Corp Sells 143,354 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mackenzie Financial Corp lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,375 shares of the financial services provider’s stock after selling 143,354 shares during the quarter. Mackenzie Financial Corp’s holdings in Marsh & McLennan Companies were worth $84,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Markel Corp lifted its position in shares of Marsh & McLennan Companies by 1.5% during the first quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock worth $105,456,000 after purchasing an additional 9,300 shares in the last quarter. United Bank raised its position in shares of Marsh & McLennan Companies by 1.9% during the first quarter. United Bank now owns 7,580 shares of the financial services provider’s stock worth $1,292,000 after acquiring an additional 144 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Marsh & McLennan Companies by 1.9% in the 1st quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock worth $6,395,000 after purchasing an additional 695 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Marsh & McLennan Companies by 43.9% during the 1st quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock worth $714,000 after buying an additional 1,277 shares during the period. Finally, Moors & Cabot Inc. increased its stake in Marsh & McLennan Companies by 8.5% in the first quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 241 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.4 %

MMC opened at $197.32 on Tuesday. The business’s 50-day moving average price is $202.60 and its 200-day moving average price is $196.64. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a market cap of $97.38 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.61 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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 firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 earnings per share. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.56 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 37.72%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the firm’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 value of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s 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 completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MMC. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research note on Friday, January 26th. Wells Fargo & Company cut shares of Marsh & McLennan Companies from an “overweight” rating to an “equal weight” rating and set a $212.00 price target on the stock. in a report on Thursday, April 11th. Finally, The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price objective for the company from $215.00 to $185.00 in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $204.29.

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.