University of Texas Texas AM Investment Management Co. Sells 22,714 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

University of Texas Texas AM Investment Management Co. lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 66.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,707 shares of the financial services provider's stock after selling 22,714 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Marsh & McLennan Companies were worth $2,487,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MMC. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Transce3nd LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the business'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 $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. The trade was a 25.38% 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 over the last ninety days. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $1.04 during mid-day trading on Friday, reaching $229.51. 1,514,191 shares of the company's stock were exchanged, compared to its average volume of 1,925,277. The firm has a market capitalization of $113.08 billion, a PE ratio of 28.02, a P/E/G ratio of 2.70 and a beta of 0.85. The business's fifty day simple moving average is $229.08 and its 200 day simple moving average is $225.16. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a one year low of $201.77 and a one year high of $248.00.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were paid a $0.815 dividend. The ex-dividend date 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 presently 39.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MMC shares. Barclays lifted their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. UBS Group lifted their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Raymond James reaffirmed an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $241.93.

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.