Boltwood Capital Management Has $1.13 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Boltwood Capital Management cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.5% in the first quarter, Holdings Channel.com reports. The fund owned 4,622 shares of the financial services provider’s stock after selling 374 shares during the quarter. Boltwood Capital Management’s holdings in Marsh & McLennan Companies were worth $1,128,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Modera Wealth Management LLC raised its holdings in shares of Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 46 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 48 shares in the last quarter. DF Dent & Co. Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock valued at $1,224,000 after purchasing an additional 49 shares in the last quarter. New England Professional Planning Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 50 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Marsh & McLennan Companies by 4.1% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 50 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In related 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 transaction of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This trade represents a 31.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 13,522 shares of the company’s stock, valued at $3,326,412. This trade represents a 14.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 69,634 shares of company stock valued at $16,244,986. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MMC shares. UBS Group raised their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Raymond James reiterated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $232.35 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $114.49 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.70 and a beta of 0.85. The company’s fifty day moving average is $228.34 and its two-hundred day moving average is $225.60. Marsh & McLennan Companies, Inc. has a 52-week low of $206.25 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly 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. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period last year, the business posted $2.89 EPS. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.95%.

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.