Reilly Financial Advisors LLC Has $1.79 Million Holdings in Marsh & McLennan Companies, Inc. (MMC)

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Reilly Financial Advisors LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 19,017 shares of the financial services provider’s stock after selling 677 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,786,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC increased its position in shares of Marsh & McLennan Companies by 16.7% in the first quarter. Flagship Harbor Advisors LLC now owns 3,986 shares of the financial services provider’s stock valued at $374,000 after buying an additional 571 shares in the last quarter. Bell Asset Management Ltd increased its position in shares of Marsh & McLennan Companies by 14.1% in the fourth quarter. Bell Asset Management Ltd now owns 97,617 shares of the financial services provider’s stock valued at $7,785,000 after buying an additional 12,090 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $795,000. Winslow Evans & Crocker Inc. increased its position in shares of Marsh & McLennan Companies by 7.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 6,656 shares of the financial services provider’s stock valued at $626,000 after buying an additional 468 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Marsh & McLennan Companies by 10.3% in the first quarter. Raymond James Trust N.A. now owns 6,538 shares of the financial services provider’s stock valued at $613,000 after buying an additional 609 shares in the last quarter. Institutional investors and hedge funds own 87.05% of the company’s stock.

Shares of MMC traded up $1.12 during trading hours on Tuesday, hitting $94.47. 678,372 shares of the stock were exchanged, compared to its average volume of 1,636,276. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.21. Marsh & McLennan Companies, Inc. has a 12-month low of $74.30 and a 12-month high of $95.82. The stock has a market capitalization of $47.15 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.71 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a return on equity of 28.76% and a net margin of 11.04%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.72 billion. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, April 10th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, April 9th. Marsh & McLennan Companies’s payout ratio is 38.16%.

A number of analysts have recently commented on the company. Zacks Investment Research cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Goldman Sachs Group assumed coverage on Marsh & McLennan Companies in a research report on Monday, April 8th. They issued a “neutral” rating and a $98.00 price objective for the company. Citigroup set a $99.00 price objective on Marsh & McLennan Companies and gave the company a “buy” rating in a research report on Saturday, February 2nd. Wells Fargo & Co restated a “market perform” rating and issued a $95.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, April 5th. Finally, Compass Point began coverage on Marsh & McLennan Companies in a research report on Tuesday, January 15th. They set a “neutral” rating and a $86.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $93.60.

In related news, SVP E Scott Gilbert sold 89,789 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $90.05, for a total transaction of $8,085,499.45. Following the completion of the sale, the senior vice president now directly owns 94,957 shares in the company, valued at $8,550,877.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Mcdonald sold 11,245 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $90.34, for a total value of $1,015,873.30. The disclosure for this sale can be found here. Insiders have sold 223,725 shares of company stock valued at $20,508,280 over the last quarter. 1.16% of the stock is owned by company insiders.

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About Marsh & McLennan Companies

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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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