Findlay Park Partners LLP Sells 373,985 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Findlay Park Partners LLP reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) by 22.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,257,468 shares of the financial services provider’s stock after selling 373,985 shares during the period. Marsh & McLennan Companies accounts for 2.3% of Findlay Park Partners LLP’s investment portfolio, making the stock its 15th largest holding. Findlay Park Partners LLP’s holdings in Marsh & McLennan Companies were worth $208,086,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at approximately $43,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $52,000. Gradient Investments LLC lifted its holdings in shares of Marsh & McLennan Companies by 53.6% in the 4th quarter. Gradient Investments LLC now owns 338 shares of the financial services provider’s stock worth $56,000 after buying an additional 118 shares during the period. Concord Wealth Partners bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $67,000. Finally, First Horizon Advisors Inc. boosted its position in Marsh & McLennan Companies by 26.3% during the third quarter. First Horizon Advisors Inc. now owns 500 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMC. Credit Suisse Group raised their price target on Marsh & McLennan Companies from $157.00 to $172.00 and gave the stock a “neutral” rating in a report on Monday, January 30th. Jefferies Financial Group dropped their price target on shares of Marsh & McLennan Companies from $184.00 to $180.00 in a research report on Monday, April 10th. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Tuesday, April 18th. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $168.00 to $192.00 in a report on Monday, May 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $180.00 to $181.00 and gave the stock a “neutral” rating in a research note on Friday, March 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $182.62.

Insider Buying and Selling

In related news, CEO Dean Michael Klisura sold 3,140 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $165.22, for a total value of $518,790.80. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $3,458,880.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 3,140 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $165.22, for a total value of $518,790.80. Following the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $3,458,880.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Oscar Fanjul sold 5,500 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $179.72, for a total value of $988,460.00. Following the completion of the transaction, the director now directly owns 64,616 shares in the company, valued at approximately $11,612,787.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,140 shares of company stock valued at $2,493,841. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Down 3.0 %

Shares of MMC stock opened at $174.40 on Wednesday. The firm’s 50-day simple moving average is $172.13 and its 200-day simple moving average is $169.58. The firm has a market cap of $86.28 billion, a P/E ratio of 27.29, a PEG ratio of 2.43 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a 1-year low of $143.33 and a 1-year high of $182.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.15 and a quick ratio of 1.15.

Marsh & McLennan Companies (NYSE:MMC – Get Rating) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.06. The firm had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.86 billion. Marsh & McLennan Companies had a return on equity of 33.33% and a net margin of 15.24%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.30 earnings per share. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 7.6 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Wednesday, April 5th were paid a $0.59 dividend. The ex-dividend date was Tuesday, April 4th. This represents a $2.36 dividend on an annualized basis and a yield of 1.35%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.93%.

Marsh & McLennan Companies Profile

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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.