Yousif Capital Management LLC Sells 2,973 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Yousif Capital Management LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,712 shares of the financial services provider’s stock after selling 2,973 shares during the quarter. Yousif Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $13,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Marsh & McLennan Companies by 0.3% in the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after buying an additional 61,408 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Marsh & McLennan Companies by 0.4% in 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. Morgan Stanley increased its position in shares of Marsh & McLennan Companies by 2.5% in the third quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock valued at $1,169,403,000 after acquiring an additional 150,655 shares during the period. Northern Trust Corp lifted its holdings in Marsh & McLennan Companies by 4.8% in the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after buying an additional 271,408 shares during the period. Finally, California Public Employees Retirement System increased its position in Marsh & McLennan Companies by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock valued at $623,723,000 after purchasing an additional 83,785 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC traded down $1.20 on Wednesday, hitting $200.51. 806,254 shares of the company’s stock traded hands, compared to its average volume of 1,725,553. The company’s 50 day simple moving average is $203.07 and its 200-day simple moving average is $197.04. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $209.20. The firm has a market cap of $98.80 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 3.38 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Analyst Ratings Changes

Several brokerages have commented on MMC. Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Morgan Stanley raised their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. UBS Group lifted their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday. Finally, Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $207.69.

Insider Activity at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on 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 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 document filed with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 over the last 90 days. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Profile

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.