Brinker Capital Inc. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,291 shares of the financial services provider’s stock after selling 442 shares during the quarter. Brinker Capital Inc.’s holdings in Marsh & McLennan Companies were worth $8,722,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Bridges Investment Management Inc. purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $285,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Marsh & McLennan Companies by 42.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,207 shares of the financial services provider’s stock valued at $3,301,000 after buying an additional 10,543 shares during the period. Point72 Hong Kong Ltd purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $191,000. Advisors Asset Management Inc. lifted its position in Marsh & McLennan Companies by 7.1% during the fourth quarter. Advisors Asset Management Inc. now owns 214,704 shares of the financial services provider’s stock valued at $23,920,000 after buying an additional 14,271 shares during the period. Finally, Captrust Financial Advisors lifted its position in Marsh & McLennan Companies by 94.8% during the fourth quarter. Captrust Financial Advisors now owns 4,757 shares of the financial services provider’s stock valued at $533,000 after buying an additional 2,315 shares during the period. Hedge funds and other institutional investors own 88.63% of the company’s stock.
In other Marsh & McLennan Companies news, CEO Scott Mcdonald sold 5,972 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $119.39, for a total value of $712,997.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.16% of the stock is currently owned by insiders.
Shares of MMC traded up $1.88 during trading hours on Thursday, hitting $88.74. The company had a trading volume of 26,649 shares, compared to its average volume of 4,061,305. The firm has a fifty day moving average price of $105.82 and a 200-day moving average price of $105.83. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 1.30 and a beta of 0.74. Marsh & McLennan Companies, Inc. has a 52-week low of $74.33 and a 52-week high of $119.88.
Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.01. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.34 billion. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 10.46%. Marsh & McLennan Companies’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 5.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Wednesday, April 8th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, April 7th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.06%.
MMC has been the subject of several recent research reports. Morgan Stanley raised their price objective on Marsh & McLennan Companies from $116.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Raymond James lowered their price target on Marsh & McLennan Companies from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday. UBS Group lifted their price target on Marsh & McLennan Companies from $104.00 to $117.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Citigroup initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, January 21st. They issued a “buy” rating and a $130.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.56.
About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
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