Summit Trail Advisors LLC Cuts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Summit Trail Advisors LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,380 shares of the financial services provider’s stock after selling 473 shares during the period. Summit Trail Advisors LLC’s holdings in Marsh & McLennan Companies were worth $640,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Valley National Advisers Inc. boosted its position in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Marsh & McLennan Companies during the third quarter worth about $27,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies during the third quarter worth about $28,000. Cordant Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $28,000. Finally, OFI Invest Asset Management acquired a new position in Marsh & McLennan Companies during the third quarter worth about $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 over the last three months. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $0.52 during midday trading on Tuesday, hitting $202.04. 163,705 shares of the stock traded hands, compared to its average volume of 1,714,498. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The firm has a market capitalization of $99.55 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day moving average price is $202.80 and its two-hundred day moving average price is $197.56.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price target for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies 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.