Contravisory Investment Management Inc. Sells 35,765 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Contravisory Investment Management Inc. cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 90.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,620 shares of the financial services provider's stock after selling 35,765 shares during the quarter. Contravisory Investment Management Inc.'s holdings in Marsh & McLennan Companies were worth $883,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MMC. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Ameriflex Group Inc. bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $37,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $39,000. Finally, Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MMC shares. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Barclays boosted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC traded down $3.71 during trading on Thursday, reaching $228.61. 1,764,441 shares of the stock traded hands, compared to its average volume of 1,921,315. The stock has a market capitalization of $112.64 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day moving average of $228.34 and a 200-day moving average of $225.60. Marsh & McLennan Companies, Inc. has a 52-week low of $206.25 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $2.89 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies's payout ratio is currently 39.95%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now owns 13,522 shares of the company's stock, valued at $3,326,412. The trade was a 14.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 in the last 90 days. Corporate insiders own 0.35% of the company's stock.

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.