Raymond James Financial Services Advisors Inc. Trims Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Raymond James Financial Services Advisors Inc. lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,749 shares of the financial services provider’s stock after selling 2,969 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $11,277,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MMC. Westover Capital Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 53 shares during the last quarter. Evoke Wealth LLC grew its position in shares of Marsh & McLennan Companies by 4.4% during the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 53 shares during the last quarter. RDA Financial Network lifted its position in Marsh & McLennan Companies by 3.1% in the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 53 shares during the last quarter. Optas LLC grew its position in Marsh & McLennan Companies by 2.9% in the 1st quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 53 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Marsh & McLennan Companies by 3.2% in 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. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.0 %

Shares of MMC traded down $0.09 during trading hours on Friday, reaching $199.27. The company’s stock had a trading volume of 1,039,890 shares, compared to its average volume of 1,926,955. The company has a 50 day moving average of $202.84 and a two-hundred day moving average of $197.38. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The firm has a market cap of $98.18 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.32 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The company 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%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $2.53 EPS. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a report on Wednesday, April 17th. Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Finally, TD Cowen raised their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $207.69.

Check Out Our Latest Analysis on MMC

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 $611,374.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Company Profile

(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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