Point72 Hong Kong Ltd Sells 11,337 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Point72 Hong Kong Ltd trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 33.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,800 shares of the financial services provider’s stock after selling 11,337 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Marsh & McLennan Companies were worth $4,843,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MMC. JPMorgan Chase & Co. increased its stake in Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after purchasing an additional 184,239 shares in the last quarter. Claro Advisors LLC boosted its stake in Marsh & McLennan Companies by 8.5% in the 4th quarter. Claro Advisors LLC now owns 1,422 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 112 shares during the period. Pallas Capital Advisors LLC boosted its stake in Marsh & McLennan Companies by 31.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,626 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 393 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 3.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,965 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 74 shares during the period. Finally, Pines Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter worth $258,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.5%

NYSE MMC opened at $222.55 on Thursday. The company has a market cap of $109.66 billion, a PE ratio of 27.17, a PEG ratio of 2.70 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12 month low of $201.77 and a 12 month high of $248.00. The stock has a 50 day moving average of $229.42 and a 200-day moving average of $224.70.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter in the prior year, the firm posted $2.89 EPS. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.95%.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of recent research reports. UBS Group upped their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Raymond James reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Finally, Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $241.93.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,634 shares of company stock worth $16,244,986. Company insiders own 0.35% of the company’s stock.

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.