Harrington Investments INC Has $5.36 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Harrington Investments INC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,255 shares of the financial services provider’s stock after selling 309 shares during the period. Marsh & McLennan Companies accounts for about 2.9% of Harrington Investments INC’s investment portfolio, making the stock its 8th biggest holding. Harrington Investments INC’s holdings in Marsh & McLennan Companies were worth $5,364,000 at the end of the most recent reporting period.

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

Marsh & McLennan Companies Stock Performance

MMC opened at $231.71 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $113.80 billion, a PE ratio of 28.29, a P/E/G ratio of 2.70 and a beta of 0.95. The business has a fifty day simple moving average of $224.84 and a 200-day simple moving average of $223.62. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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 given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.80%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were 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 in the company, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock valued at $13,350,279 in the last three months. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on MMC. Keefe, Bruyette & Woods lowered their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Raymond James reiterated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $230.44.

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.