Dupont Capital Management Corp Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dupont Capital Management Corp lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 20.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,251 shares of the financial services provider’s stock after selling 14,164 shares during the period. Dupont Capital Management Corp’s holdings in Marsh & McLennan Companies were worth $10,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its position in shares of Marsh & McLennan Companies by 2.2% during the 2nd quarter. State Street Corp now owns 21,327,336 shares of the financial services provider’s stock worth $4,011,245,000 after acquiring an additional 453,081 shares in the last quarter. FMR LLC raised its position in shares of Marsh & McLennan Companies by 0.3% during the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after acquiring an additional 61,408 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Marsh & McLennan Companies by 105,777.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock worth $1,617,156,000 after acquiring an additional 9,763,286 shares in the last quarter. Ameriprise Financial Inc. increased its position in Marsh & McLennan Companies by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after buying an additional 31,821 shares during the period. Finally, Morgan Stanley increased its position in Marsh & McLennan Companies by 49.2% during the fourth quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock worth $1,041,503,000 after buying an additional 2,075,928 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,291,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock worth $7,448,163 over the last three months. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $203.08 on Wednesday. The firm has a market capitalization of $100.23 billion, a P/E ratio of 26.97, a PEG ratio of 2.49 and a beta of 0.90. The stock has a fifty day moving average price of $201.04 and a 200 day moving average price of $196.20. Marsh & McLennan Companies, Inc. has a 52 week low of $165.86 and a 52 week high of $209.20. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 earnings per share. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio is presently 37.72%.

Wall Street Analyst Weigh In

Several research firms have commented on MMC. TD Cowen began coverage on Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price target on the stock. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 30th. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. Finally, The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $202.71.

Check Out Our Latest Stock Report on Marsh & McLennan Companies

About Marsh & McLennan Companies

(Free Report)

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.

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

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