PFG Advisors Sells 361 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

PFG Advisors reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,595 shares of the financial services provider’s stock after selling 361 shares during the period. PFG Advisors’ holdings in Marsh & McLennan Companies were worth $1,613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MMC. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $36,000. Albion Financial Group UT bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $38,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $45,000. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, 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. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

MMC has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Keefe, Bruyette & Woods dropped their price target 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. Barclays raised their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $229.78 on Thursday. 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 firm has a market capitalization of $112.85 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.70 and a beta of 0.95. The business has a fifty day simple moving average of $224.07 and a two-hundred day simple moving average of $223.53. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last announced 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%. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

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.