Calamos Advisors LLC Sells 745 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Advisors LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,490 shares of the financial services provider’s stock after selling 745 shares during the period. Calamos Advisors LLC owned approximately 0.06% of Marsh & McLennan Companies worth $54,281,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MMC. Markel Corp boosted its position in Marsh & McLennan Companies by 1.5% in the 1st quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock valued at $105,456,000 after buying an additional 9,300 shares during the period. United Bank increased its stake in Marsh & McLennan Companies by 1.9% during the 1st quarter. United Bank now owns 7,580 shares of the financial services provider’s stock valued at $1,292,000 after purchasing an additional 144 shares in the last quarter. Blair William & Co. IL increased its stake in Marsh & McLennan Companies by 1.9% during the 1st quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock valued at $6,395,000 after purchasing an additional 695 shares in the last quarter. Cetera Investment Advisers increased its stake in Marsh & McLennan Companies by 43.9% during the 1st quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock valued at $714,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in Marsh & McLennan Companies by 8.5% during the 1st quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 241 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MMC shares. TD Cowen started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price target on the stock. Morgan Stanley increased their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday. Keefe, Bruyette & Woods increased their price objective 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. The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price target for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Finally, Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $204.73.

Marsh & McLennan Companies Stock Performance

MMC traded up $4.11 during trading hours on Thursday, hitting $201.73. 3,537,143 shares of the stock were exchanged, compared to its average volume of 1,725,679. The stock has a 50-day simple moving average of $202.67 and a 200-day simple moving average of $196.69. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The stock has a market cap of $99.56 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 3.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results 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 return on equity of 33.72% and a net margin of 16.52%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the company earned $2.53 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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