Brown Brothers Harriman & Co. Sells 4,907 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Brown Brothers Harriman & Co. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 112,450 shares of the financial services provider’s stock after selling 4,907 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Marsh & McLennan Companies were worth $23,886,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MMC. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth $38,000. Golden State Wealth Management LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $45,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a report on Tuesday. They set a “buy” rating and a $281.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $233.41.

Marsh & McLennan Companies Price Performance

MMC opened at $242.39 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $119.04 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company’s 50 day simple moving average is $229.65 and its 200-day simple moving average is $224.17. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $243.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,828 shares of company stock worth $13,350,279. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies 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.