Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 34.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,596 shares of the financial services provider's stock after selling 3,530 shares during the period. Capital Asset Advisory Services LLC's holdings in Marsh & McLennan Companies were worth $1,607,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $36,000. Ameriflex Group Inc. bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $37,000. Transce3nd LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on MMC shares. Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. UBS Group lifted their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Raymond James restated an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Finally, Barclays raised their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $1.40 during mid-day trading on Friday, reaching $230.26. 585,505 shares of the company traded hands, compared to its average volume of 1,919,155. The company has a market capitalization of $113.45 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.06 and a fifty-two week high of $248.00. The firm's fifty day moving average is $228.03 and its two-hundred day moving average is $225.63.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the prior year, the company earned $2.89 EPS. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were given a $0.815 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. This trade represents a 63.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This trade represents a 31.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.