Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 87.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,383 shares of the financial services provider's stock after selling 36,059 shares during the quarter. Twinbeech Capital LP's holdings in Marsh & McLennan Companies were worth $1,143,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MMC. JPMorgan Chase & Co. increased its holdings in Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after buying an additional 184,239 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Marsh & McLennan Companies by 4.4% in the fourth quarter. Arkadios Wealth Advisors now owns 2,874 shares of the financial services provider's stock valued at $611,000 after buying an additional 122 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $301,000. UMB Bank n.a. increased its holdings in Marsh & McLennan Companies by 26.7% in the fourth quarter. UMB Bank n.a. now owns 1,865 shares of the financial services provider's stock valued at $396,000 after buying an additional 393 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Marsh & McLennan Companies by 39.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,802 shares of the financial services provider's stock valued at $808,000 after acquiring an additional 1,070 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MMC shares. Wells Fargo & Company upped 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 research note on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Barclays upped their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $241.93.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. The trade was a 63.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,634 shares of company stock valued at $16,244,986 in the last ninety days. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded up $1.52 during mid-day trading on Tuesday, reaching $230.85. The stock had a trading volume of 339,887 shares, compared to its average volume of 2,174,685. 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 firm has a market capitalization of $113.74 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a twelve month low of $201.77 and a twelve month high of $248.00. The business has a 50 day simple moving average of $229.02 and a 200 day simple moving average of $225.19.

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 analysts' consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. During the same period last year, the company posted $2.89 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.95%.

Marsh & McLennan Companies 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.