Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,732 shares of the financial services provider’s stock after selling 14,460 shares during the quarter. Marsh & McLennan Companies makes up approximately 1.8% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 18th largest position. Hardman Johnston Global Advisors LLC’s holdings in Marsh & McLennan Companies were worth $43,275,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Carmichael Hill & Associates Inc. raised its holdings in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at $36,000. Finally, Albion Financial Group UT purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.2 %

MMC stock opened at $230.05 on Monday. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $235.50. The firm has a market cap of $112.98 billion, a PE ratio of 28.09, a PEG ratio of 2.70 and a beta of 0.96. The firm’s 50 day moving average price is $218.22 and its 200-day moving average price is $222.31. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results 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 research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MMC shares. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Raymond James reiterated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Barclays boosted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of 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 research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $230.44.

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.