Los Angeles Capital Management LLC Cuts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Los Angeles Capital Management LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,825 shares of the financial services provider’s stock after selling 68,799 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $47,524,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its position in shares of Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $27,000. Headinvest LLC purchased a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $28,000. Cordant Inc. bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $28,000. Finally, OFI Invest Asset Management purchased a new stake in Marsh & McLennan Companies in the third quarter worth approximately $28,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the sale, the chief executive officer now owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly 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 this link. Also, CEO Martine Ferland sold 9,128 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares of the company’s stock, valued at $2,012,065.77. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 over the last ninety days. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of MMC traded down $0.10 during trading hours on Friday, reaching $199.26. 1,039,890 shares of the company traded hands, compared to its average volume of 1,735,866. The firm has a market cap of $98.18 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 3.33 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The stock’s fifty day moving average price is $202.93 and its 200 day moving average price is $197.34. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly 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. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 earnings per share. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore ISI raised their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus 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.