Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,065,496 shares of the financial services provider's stock after selling 105,641 shares during the period. Janus Henderson Group PLC owned 0.42% of Marsh & McLennan Companies worth $438,749,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Modera Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 2.5% in the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 46 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after buying an additional 47 shares during the period. Hemington Wealth Management boosted its holdings in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after acquiring an additional 48 shares during the period. DF Dent & Co. Inc. increased its stake in Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock worth $1,224,000 after purchasing an additional 49 shares during the period. Finally, New England Professional Planning Group Inc. grew its holdings in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after purchasing an additional 50 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

MMC traded up $4.20 on Friday, reaching $231.44. The stock had a trading volume of 2,422,417 shares, compared to its average volume of 1,915,098. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12-month low of $201.77 and a 12-month high of $248.00. The business's 50-day moving average price is $229.25 and its two-hundred day moving average price is $224.74. The company has a market cap of $114.04 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.08 billion. During the same period in the previous year, the business earned $2.89 EPS. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were given a dividend of $0.815 per share. 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 payout ratio is presently 39.95%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MMC shares. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Raymond James reiterated an "outperform" rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. UBS Group boosted their price target 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. 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 note on Monday, April 21st. Finally, Barclays raised their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two 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, Marsh & McLennan Companies has an average rating of "Hold" and a consensus target price of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. This trade represents a 63.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now directly owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This trade represents a 14.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,634 shares of company stock worth $16,244,986. Insiders own 0.35% of the company's stock.

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.