Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Decreased by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,065,496 shares of the financial services provider’s stock after selling 105,641 shares during the period. Janus Henderson Group PLC owned about 0.42% of Marsh & McLennan Companies worth $438,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $892,309,000 after acquiring an additional 184,239 shares during the last quarter. ORG Partners LLC increased its stake in Marsh & McLennan Companies by 25.1% in the fourth quarter. ORG Partners LLC now owns 1,707 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 343 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Marsh & McLennan Companies by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,943 shares of the financial services provider’s stock valued at $10,919,000 after buying an additional 300 shares in the last quarter. Czech National Bank lifted its holdings in Marsh & McLennan Companies by 6.3% during the 4th quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after purchasing an additional 6,310 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 24.1% in the fourth quarter. Aprio Wealth Management LLC now owns 2,346 shares of the financial services provider’s stock valued at $498,000 after buying an additional 456 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $226.79 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day simple moving average of $230.14 and a two-hundred day simple moving average of $224.66. Marsh & McLennan Companies, Inc. has a fifty-two week low of $201.77 and a fifty-two week high of $248.00. The firm has a market cap of $111.75 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same period last year, the firm posted $2.89 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 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 Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 39.95%.

Wall Street Analyst Weigh In

MMC has been the topic of several research reports. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research note on Monday, April 21st. UBS Group raised 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. 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. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price objective on the stock. Finally, Barclays lifted their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $241.93.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,634 shares of company stock valued at $16,244,986 over the last three months. Corporate insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.