Fort Washington Investment Advisors Inc. OH Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,289 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other hedge funds have also recently modified their holdings of the stock. Ignite Planners LLC lifted its holdings in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 52 shares during the period. Fortis Capital Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 4.7% during the second quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 53 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Marsh & McLennan Companies by 3.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 56 shares during the period. PDS Planning Inc lifted its holdings in shares of Marsh & McLennan Companies by 2.6% during the third quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 57 shares during the period. Finally, Quent Capital LLC lifted its holdings in shares of Marsh & McLennan Companies by 34.2% during the third quarter. Quent Capital LLC now owns 247 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 63 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MMC shares. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price objective for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research report on Tuesday, January 30th. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, January 26th. TD Cowen started coverage on Marsh & McLennan Companies in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 price objective for the company. Finally, StockNews.com cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $202.71.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,751 shares of company stock valued at $7,448,163. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.1 %

Marsh & McLennan Companies stock opened at $205.61 on Thursday. The stock has a market cap of $101.09 billion, a PE ratio of 27.31, a P/E/G ratio of 2.48 and a beta of 0.90. The stock has a 50-day moving average price of $200.46 and a 200 day moving average price of $195.97. Marsh & McLennan Companies, Inc. has a 52 week low of $160.74 and a 52 week high of $209.20. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 37.72%.

Marsh & McLennan Companies Company 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.