Gladstone Institutional Advisory LLC Sells 307 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Gladstone Institutional Advisory LLC reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,988 shares of the financial services provider’s stock after selling 307 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Marsh & McLennan Companies were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MMC. Norges Bank purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $1,048,077,000. Impax Asset Management Group plc purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $261,787,000. Montrusco Bolton Investments Inc. boosted its holdings in shares of Marsh & McLennan Companies by 62.3% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 1,475,835 shares of the financial services provider’s stock worth $274,552,000 after buying an additional 566,675 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Marsh & McLennan Companies by 3,413.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 532,670 shares of the financial services provider’s stock worth $100,925,000 after buying an additional 517,510 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Marsh & McLennan Companies by 1,496.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 447,000 shares of the financial services provider’s stock worth $85,064,000 after buying an additional 419,000 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Bank of America lifted their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $210.27.

Marsh & McLennan Companies Trading Up 0.4 %

MMC stock opened at $210.82 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $211.53. The stock has a market capitalization of $103.88 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 3.49 and a beta of 0.90. The firm’s fifty day simple moving average is $203.44 and its two-hundred day simple moving average is $199.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the business posted $2.53 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Insider Activity

In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the sale, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business’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 completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now owns 14,199 shares of the company’s stock, valued at $2,868,198. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,920 shares of company stock valued at $7,903,935. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Profile

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.