Contravisory Investment Management Inc. Sells 303 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Contravisory Investment Management Inc. reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 39,385 shares of the financial services provider’s stock after selling 303 shares during the period. Marsh & McLennan Companies makes up approximately 1.8% of Contravisory Investment Management Inc.’s portfolio, making the stock its 24th largest position. Contravisory Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $8,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. increased its position in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth $31,000. Capital Performance Advisors LLP bought a new position in shares of Marsh & McLennan Companies in the third quarter worth about $41,000. Bangor Savings Bank bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth $46,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Marsh & McLennan Companies by 390.9% during the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock worth $57,000 after buying an additional 215 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MMC shares. Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Bank of America upped their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $212.51 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day simple moving average of $219.17 and a two-hundred day simple moving average of $221.15. The company has a market capitalization of $104.37 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.31 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.53%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

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.