Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 36.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,371 shares of the financial services provider’s stock after selling 773 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marsh & McLennan Companies were worth $291,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. lifted its position in Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after buying an additional 3,300 shares during the period. Citigroup Inc. lifted its position in Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after buying an additional 23,445 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after buying an additional 7,380 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in Marsh & McLennan Companies by 4.3% during the third quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after buying an additional 3,553 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the business’s stock in a transaction on 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 $6,520,202.64. This trade represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock worth $13,350,279 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $232.05 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $241.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $113.97 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The business has a 50 day simple moving average of $227.10 and a 200-day simple moving average of $223.82.

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

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

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