SVB Wealth LLC Has $19.22 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

SVB Wealth LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,418 shares of the financial services provider’s stock after selling 29,992 shares during the period. SVB Wealth LLC’s holdings in Marsh & McLennan Companies were worth $19,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. lifted its position in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth $27,000. OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $28,000. Headinvest LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $28,000. Finally, Cordant Inc. acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded up $0.10 during trading hours on Tuesday, hitting $197.42. 279,060 shares of the stock were exchanged, compared to its average volume of 1,676,584. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $97.43 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.61 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The business’s 50-day moving average is $202.60 and its two-hundred day moving average is $196.64.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the business earned $1.47 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.56 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 issued a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio is currently 37.72%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MMC. Morgan Stanley upped their price objective 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. JPMorgan Chase & Co. upped their price objective 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 upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. Evercore ISI upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, StockNews.com cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $204.29.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the transaction, the chief executive officer now directly owns 9,979 shares in the company, valued at $2,012,065.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction on Friday, March 8th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the 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 sale, the chief executive officer now owns 9,979 shares in the company, valued at $2,012,065.77. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 over the last ninety days. Company insiders own 0.35% of the company’s stock.

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.