Achmea Investment Management B.V. Sells 32,646 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Achmea Investment Management B.V. lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 47.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,829 shares of the financial services provider’s stock after selling 32,646 shares during the quarter. Achmea Investment Management B.V.’s holdings in Marsh & McLennan Companies were worth $7,611,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter worth $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter worth $45,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MMC. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Barclays increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods cut their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Evercore ISI reissued an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $230.44.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the business’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 completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stacy Mills sold 1,317 shares of the firm’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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.0 %

Shares of MMC opened at $229.73 on Friday. The stock’s 50-day moving average price is $224.44 and its 200-day moving average price is $223.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $112.83 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

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.