Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,624 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,427 shares of the financial services provider’s stock after selling 2,624 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Marsh & McLennan Companies were worth $22,181,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Modera Wealth Management LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 46 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares during the last quarter. Hemington Wealth Management increased its stake in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 48 shares in the last quarter. New England Professional Planning Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after buying an additional 50 shares during the period. Finally, TFB Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after buying an additional 51 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.4 %

MMC stock opened at $233.49 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. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84. The company’s 50-day simple moving average is $226.65 and its 200-day simple moving average is $223.79. The firm has a market cap of $114.68 billion, a P/E ratio of 28.51, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate 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 forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

Insider Activity

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was 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 $4,919,096.95. The trade was 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 worth $13,350,279 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. 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 research note on Thursday, December 12th. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Two investment 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Company 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.