HBK Sorce Advisory LLC Trims Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

HBK Sorce Advisory LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,099 shares of the financial services provider’s stock after selling 276 shares during the period. HBK Sorce Advisory LLC’s holdings in Marsh & McLennan Companies were worth $2,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its stake in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares during the last quarter. Parnassus Investments LLC boosted its holdings in Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after buying an additional 85,754 shares during the last quarter. Amundi boosted its holdings in Marsh & McLennan Companies by 81.1% in the 4th 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $229.78 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The company has a market capitalization of $112.85 billion, a PE ratio of 28.06, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a fifty day moving average of $224.07 and a two-hundred day moving average of $223.53.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction dated 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 directly owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James restated 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. Wells Fargo & Company boosted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $230.44.

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.