Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.4% in the second quarter, Holdings Channel.com reports. The firm owned 180,218 shares of the financial services provider’s stock after selling 18,780 shares during the period. Victory Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $37,976,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MMC. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $1,048,077,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Marsh & McLennan Companies by 32.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after purchasing an additional 2,526,701 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Marsh & McLennan Companies by 4,991.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after buying an additional 679,474 shares during the period. Jennison Associates LLC increased its holdings in shares of Marsh & McLennan Companies by 229.6% during the 1st quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after buying an additional 649,505 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Marsh & McLennan Companies by 322.7% in the fourth quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock valued at $144,232,000 after acquiring an additional 581,131 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Stacy Mills sold 4,101 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,735 shares of company stock valued at $6,151,377. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $230.58 on Tuesday. The stock has a market capitalization of $113.39 billion, a PE ratio of 29.26, a P/E/G ratio of 3.18 and a beta of 0.94. The stock has a 50-day simple moving average of $220.79 and a 200 day simple moving average of $210.84. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the business posted $2.20 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were paid a $0.815 dividend. The ex-dividend date was Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

Analysts Set New Price Targets

A number of research firms have recently commented on MMC. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Bank of America lifted their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada increased their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $215.53.

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 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.