Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,075 shares of the financial services provider's stock after selling 370,938 shares during the period. Jennison Associates LLC's holdings in Marsh & McLennan Companies were worth $42,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Numerai GP LLC boosted its position in Marsh & McLennan Companies by 966.2% during the 3rd quarter. Numerai GP LLC now owns 37,220 shares of the financial services provider's stock valued at $7,501,000 after purchasing an additional 33,729 shares during the period. Rockland Trust Co. boosted its position in Marsh & McLennan Companies by 801.6% during the 3rd quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider's stock valued at $2,433,000 after purchasing an additional 10,734 shares during the period. Barclays PLC boosted its position in Marsh & McLennan Companies by 41.7% during the 3rd quarter. Barclays PLC now owns 2,202,372 shares of the financial services provider's stock valued at $443,844,000 after purchasing an additional 647,987 shares during the period. Navera Investment Management Ltd. boosted its position in Marsh & McLennan Companies by 7.0% during the 3rd quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider's stock valued at $327,303,000 after purchasing an additional 105,954 shares during the period. Finally, Bridges Investment Management Inc. boosted its position in Marsh & McLennan Companies by 4.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider's stock valued at $15,356,000 after purchasing an additional 3,177 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 16,655 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.30, for a total value of $3,052,861.50. Following the transaction, the chief executive officer owned 116,811 shares in the company, valued at $21,411,456.30. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Cantor Fitzgerald boosted their price objective on Marsh & McLennan Companies from $208.00 to $212.00 and gave the company an "overweight" rating in a research report on Monday, February 2nd. Mizuho cut their target price on Marsh & McLennan Companies from $199.00 to $193.00 and set a "neutral" rating on the stock in a research note on Monday, April 13th. Barclays cut their target price on Marsh & McLennan Companies from $209.00 to $206.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. cut their target price on Marsh & McLennan Companies from $226.00 to $206.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Finally, Evercore dropped their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $205.33.

Marsh & McLennan Companies Trading Down 0.8%

Shares of MRSH stock opened at $166.38 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $164.89 and a 1-year high of $235.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $80.16 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. The company's fifty day simple moving average is $173.42.

Marsh & McLennan Companies (NYSE:MRSH - Get Free Report) last issued its earnings results on Thursday, April 16th. The financial services provider reported $3.29 EPS for the quarter, beating analysts' consensus estimates of $3.21 by $0.08. Marsh & McLennan Companies had a return on equity of 31.87% and a net margin of 14.26%.The firm had revenue of $7.30 billion for the quarter. The business's quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 10.36 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a $0.90 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 2.2%. Marsh & McLennan Companies's payout ratio is 45.00%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies NYSE: MMC is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.

Want to see what other hedge funds are holding MRSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MRSH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.