Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,469 shares of the financial services provider's stock after selling 1,397 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Marsh & McLennan Companies were worth $949,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Barclays upped their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a report on Friday, April 11th. Finally, Raymond James reiterated an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $241.93.

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 that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. The trade was a 14.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Up 0.9%

NYSE:MMC traded up $2.02 during mid-day trading on Friday, hitting $233.51. The stock had a trading volume of 3,744,218 shares, compared to its average volume of 1,927,163. Marsh & McLennan Companies, Inc. has a twelve month low of $201.84 and a twelve month high of $248.00. The stock has a 50-day simple moving average of $228.86 and a two-hundred day simple moving average of $225.32. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $115.06 billion, a PE ratio of 28.51, a PEG ratio of 2.70 and a beta of 0.85.

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 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $2.89 EPS. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.

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.