Point72 Hong Kong Ltd Sells 11,337 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Point72 Hong Kong Ltd decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,800 shares of the financial services provider's stock after selling 11,337 shares during the period. Point72 Hong Kong Ltd's holdings in Marsh & McLennan Companies were worth $4,843,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $1,236,186,000. Stifel Financial Corp raised its position in shares of Marsh & McLennan Companies by 551.0% in the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after buying an additional 1,883,146 shares in the last quarter. Amundi raised its position in shares of Marsh & McLennan Companies by 81.1% in the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock worth $860,824,000 after buying an additional 1,823,807 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Marsh & McLennan Companies by 7,320.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock worth $235,511,000 after buying an additional 1,093,817 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $207,278,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analysts Set New Price Targets

MMC has been the topic of a number of recent analyst reports. Raymond James reiterated an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company increased their target price on 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. Barclays increased their target price on 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 Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Stock Up 1.8%

Marsh & McLennan Companies stock traded up $4.20 during trading hours on Friday, hitting $231.44. 2,422,470 shares of the stock traded hands, compared to its average volume of 1,918,361. The firm's 50-day moving average price is $229.22 and its two-hundred day moving average price is $224.83. 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 cap of $114.04 billion, a PE ratio of 28.26, a PEG ratio of 2.70 and a beta of 0.85. 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 posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating 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 business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. During the same period in the previous year, the firm posted $2.89 EPS. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were given 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 dividend yield of 1.41%. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the business'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 $1,673,221.37. Following the completion of 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 valued at $16,244,986 in the last ninety days. 0.35% of the stock is currently owned by corporate insiders.

About Marsh & McLennan Companies

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.