Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Andra AP fonden

Andra AP fonden trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 56.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,000 shares of the financial services provider’s stock after selling 24,300 shares during the period. Andra AP fonden’s holdings in Marsh & McLennan Companies were worth $4,004,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MMC. Gryphon Financial Partners LLC grew its holdings in Marsh & McLennan Companies by 6.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,127 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 67 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Marsh & McLennan Companies by 22.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,912 shares of the financial services provider’s stock valued at $2,257,000 after acquiring an additional 2,148 shares in the last quarter. Quotient Wealth Partners LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $361,000. Janney Montgomery Scott LLC lifted its holdings in shares of Marsh & McLennan Companies by 46.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 155,217 shares of the financial services provider’s stock valued at $29,410,000 after purchasing an additional 49,502 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 8.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,791 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

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

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $229.08 on Thursday. The business’s 50-day simple moving average is $221.51 and its 200-day simple moving average is $211.16. The firm has a market capitalization of $112.87 billion, a P/E ratio of 29.07, a P/E/G ratio of 3.18 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock valued at $4,897,317 over the last quarter. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company 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.