Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Sterling Group Wealth Management LLC

Sterling Group Wealth Management LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,399 shares of the financial services provider’s stock after selling 176 shares during the quarter. Sterling Group Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 52 shares during the period. BSW Wealth Partners lifted its holdings in shares of Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 53 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Marsh & McLennan Companies by 3.5% during the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 54 shares during the period. Finally, Turtle Creek Wealth Advisors LLC raised its position in Marsh & McLennan Companies by 3.0% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 54 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $217.62 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $106.88 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.27 and a beta of 0.96. The stock’s 50-day moving average is $218.14 and its two-hundred day moving average is $221.23.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of research reports. Barclays lifted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Keefe, Bruyette & Woods raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research note on Friday, January 10th. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Finally, UBS Group upped their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $228.60.

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.