Geller Advisors LLC Has $502,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Geller Advisors LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,363 shares of the financial services provider’s stock after selling 84 shares during the period. Geller Advisors LLC’s holdings in Marsh & McLennan Companies were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Modera Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after buying an additional 46 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 47 shares during the last quarter. Hemington Wealth Management grew its position in Marsh & McLennan Companies by 6.7% in the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 48 shares during the last quarter. DF Dent & Co. Inc. lifted its holdings in shares of Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock worth $1,224,000 after acquiring an additional 49 shares during the last quarter. Finally, New England Professional Planning Group Inc. boosted its stake in shares of Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MMC shares. UBS Group raised their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $226.79 on Friday. The business has a 50 day moving average price of $230.14 and a 200-day moving average price of $224.66. Marsh & McLennan Companies, Inc. has a 52 week low of $201.77 and a 52 week high of $248.00. The company has a market cap of $111.75 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter last year, the business posted $2.89 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal 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 issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.95%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,317 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 over the last three months. 0.35% of the stock is currently owned by insiders.

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.