B.O.S.S. Retirement Advisors LLC Decreases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

B.O.S.S. Retirement Advisors LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,427 shares of the financial services provider’s stock after selling 170 shares during the quarter. Marsh & McLennan Companies comprises 0.8% of B.O.S.S. Retirement Advisors LLC’s holdings, making the stock its 25th largest position. B.O.S.S. Retirement Advisors LLC’s holdings in Marsh & McLennan Companies were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Altshuler Shaham Ltd acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at about $27,000. OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at about $28,000. Headinvest LLC acquired a new position in shares of Marsh & McLennan Companies in the third quarter valued at about $28,000. BKM Wealth Management LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth about $31,000. Finally, RVW Wealth LLC acquired a new stake in Marsh & McLennan Companies during the third quarter worth about $32,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MMC has been the topic of several analyst reports. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their target price for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating on the stock in a report on Tuesday, January 30th. Finally, TD Cowen assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $202.71.

View Our Latest Analysis on MMC

Insider Activity at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,291,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,751 shares of company stock worth $7,448,163. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock opened at $205.98 on Friday. The business has a 50 day simple moving average of $200.93 and a 200-day simple moving average of $196.17. The firm has a market capitalization of $101.27 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. Marsh & McLennan Companies, Inc. has a 1 year low of $163.37 and a 1 year high of $209.20.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is presently 37.72%.

About Marsh & McLennan Companies

(Free Report)

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 through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.

Further Reading

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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