Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by AGF Management Ltd.

AGF Management Ltd. decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,814 shares of the financial services provider’s stock after selling 3,438 shares during the quarter. AGF Management Ltd.’s holdings in Marsh & McLennan Companies were worth $3,996,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MMC. Impax Asset Management Group plc grew its position in Marsh & McLennan Companies by 5.6% in the third quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock worth $403,200,000 after buying an additional 95,540 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Marsh & McLennan Companies by 21.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,245 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 216 shares during the period. Mesirow Financial Investment Management Inc. acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $212,000. Ashton Thomas Securities LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $126,000. Finally, Nations Financial Group Inc. IA ADV raised its stake in Marsh & McLennan Companies by 33.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,352 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 585 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.4 %

Shares of NYSE:MMC opened at $229.78 on Thursday. The stock has a market capitalization of $112.85 billion, a PE ratio of 28.06, a P/E/G ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The firm has a fifty day moving average price of $224.07 and a 200 day moving average price of $223.53. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MMC. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Raymond James restated an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $230.44.

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.