Coho Partners Ltd. Lowers Stake in Marsh & McLennan Companies (MMC)

Coho Partners Ltd. cut its stake in shares of Marsh & McLennan Companies (NYSE:MMC) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,948,340 shares of the financial services provider’s stock after selling 71,299 shares during the quarter. Marsh & McLennan Companies makes up 4.2% of Coho Partners Ltd.’s portfolio, making the stock its 6th largest holding. Coho Partners Ltd. owned about 0.38% of Marsh & McLennan Companies worth $160,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $102,000. Legacy Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 1,558.8% during the fourth quarter. Legacy Advisors LLC now owns 1,327 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 1,247 shares during the last quarter. Virtue Capital Management LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $113,000. Calton & Associates Inc. bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $176,000. Finally, Icon Wealth Partners LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $177,000. 86.24% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on MMC. Wells Fargo reissued a “buy” rating and issued a $91.00 price objective on shares of Marsh & McLennan Companies in a report on Thursday, February 1st. Barclays increased their price objective on Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, April 3rd. Finally, Citigroup decreased their price objective on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating for the company in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $90.00.

Shares of Marsh & McLennan Companies opened at $81.00 on Friday, Marketbeat reports. Marsh & McLennan Companies has a 12-month low of $80.52 and a 12-month high of $81.02. The company has a market capitalization of $40.96 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.52.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 26th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.87 billion. Marsh & McLennan Companies had a return on equity of 29.38% and a net margin of 11.11%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. equities research analysts forecast that Marsh & McLennan Companies will post 4.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, July 11th will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 2.05%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.38. Marsh & McLennan Companies’s dividend payout ratio is 38.27%.

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,145 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $82.95, for a total value of $94,977.75. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $242,462.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julio A. Portalatin sold 10,911 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $81.87, for a total value of $893,283.57. Following the completion of the sale, the chief executive officer now owns 59,083 shares of the company’s stock, valued at $4,837,125.21. The disclosure for this sale can be found here. Insiders sold 139,437 shares of company stock valued at $11,426,337 over the last 90 days. 1.16% of the stock is currently owned by insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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