Calamos Advisors LLC Sells 745 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Advisors LLC cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 286,490 shares of the financial services provider’s stock after selling 745 shares during the period. Calamos Advisors LLC’s holdings in Marsh & McLennan Companies were worth $54,281,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Ignite Planners LLC raised its holdings in Marsh & McLennan Companies by 4.3% in the third quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock worth $243,000 after buying an additional 52 shares during the last quarter. Fortis Capital Advisors LLC lifted its position in Marsh & McLennan Companies by 4.7% during the second quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 53 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Marsh & McLennan Companies by 3.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 56 shares during the period. PDS Planning Inc lifted its position in Marsh & McLennan Companies by 2.6% during the third quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 57 shares during the period. Finally, Drive Wealth Management LLC lifted its position in Marsh & McLennan Companies by 4.7% during the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 61 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies 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 owns 33,678 shares in the company, valued at approximately $6,762,205.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Martine Ferland sold 9,128 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the transaction, the chief executive officer now directly owns 9,979 shares in the company, valued at approximately $2,012,065.77. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,751 shares of company stock valued at $7,448,163. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Up 2.1 %

Marsh & McLennan Companies stock traded up $4.11 during mid-day trading on Thursday, hitting $201.73. The company had a trading volume of 3,537,143 shares, compared to its average volume of 1,725,679. The stock has a market cap of $99.56 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.56 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average of $202.67 and a 200 day moving average of $196.69.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the firm posted $2.53 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 37.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Cowen initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a report on Friday, January 26th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company lowered shares of Marsh & McLennan Companies from an “overweight” rating to an “equal weight” rating and set a $212.00 price target for the company. in a report on Thursday, April 11th. Finally, Morgan Stanley lifted their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $204.73.

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.