Hudson Valley Investment Advisors Inc. ADV reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,365 shares of the financial services provider's stock after selling 1,549 shares during the quarter. Marsh & McLennan Companies accounts for 1.4% of Hudson Valley Investment Advisors Inc. ADV's investment portfolio, making the stock its 20th biggest holding. Hudson Valley Investment Advisors Inc. ADV's holdings in Marsh & McLennan Companies were worth $11,803,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMC. JPMorgan Chase & Co. boosted its holdings in Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after purchasing an additional 184,239 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after buying an additional 2,960 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $10,366,000. Stratos Wealth Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 30.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 1,685 shares of the financial services provider's stock worth $358,000 after purchasing an additional 397 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Marsh & McLennan Companies by 5.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,033 shares of the financial services provider's stock worth $10,875,000 after purchasing an additional 2,546 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Marsh & McLennan Companies
In related news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. This trade represents a 25.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the firm'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 owns 2,923 shares in the company, valued at approximately $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. Insiders have sold a total of 69,634 shares of company stock worth $16,244,986 in the last three months. Company insiders own 0.35% of the company's stock.
Marsh & McLennan Companies Stock Performance
Shares of MMC opened at $230.13 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $113.39 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.70 and a beta of 0.83. The company's 50 day simple moving average is $227.76 and its 200 day simple moving average is $225.70. Marsh & McLennan Companies, Inc. has a 1 year low of $207.06 and a 1 year high of $248.00.
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 analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the prior year, the company posted $2.89 EPS. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.
Marsh & McLennan Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies's payout ratio is currently 39.95%.
Wall Street Analyst Weigh In
A number of research firms recently commented on MMC. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. UBS Group boosted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus price target of $241.93.
Check Out Our Latest Report on MMC
Marsh & McLennan Companies Company Profile
(
Free Report)
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.
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