Cascade Financial Partners LLC Sells 470 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cascade Financial Partners LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,666 shares of the financial services provider’s stock after selling 470 shares during the period. Cascade Financial Partners LLC’s holdings in Marsh & McLennan Companies were worth $991,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FMR LLC boosted its stake in Marsh & McLennan Companies by 2.5% during the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after buying an additional 518,185 shares during the period. Geode Capital Management LLC boosted its stake in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares during the period. Parnassus Investments LLC boosted its stake in Marsh & McLennan Companies by 2.0% during the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after buying an additional 85,754 shares during the period. Amundi boosted its stake in Marsh & McLennan Companies by 81.1% during the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after buying an additional 1,823,807 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other news, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on MMC shares. Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Barclays boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

MMC opened at $232.98 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $114.42 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The firm’s 50-day moving average price is $223.72 and its 200-day moving average price is $223.49.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.