Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,124 shares of the financial services provider’s stock after selling 147 shares during the quarter. Capital Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $697,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Marsh & McLennan Companies by 0.3% in the first quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after acquiring an additional 119,236 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after acquiring an additional 380,828 shares during the period. Legal & General Group Plc grew its position in Marsh & McLennan Companies by 5.2% during the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after buying an additional 223,257 shares during the period. Clearbridge Investments LLC grew its stake in Marsh & McLennan Companies by 1.7% in the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock valued at $718,368,000 after acquiring an additional 58,461 shares during the last quarter. Finally, Jensen Investment Management Inc. lifted its stake in Marsh & McLennan Companies by 1.3% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after buying an additional 40,182 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,566 shares of company stock valued at $4,420,137 over the last three months. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MMC. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America lifted their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Roth Mkm boosted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $221.93.

Marsh & McLennan Companies Trading Down 1.0 %

NYSE:MMC opened at $224.66 on Monday. The stock has a fifty day simple moving average of $225.28 and a 200 day simple moving average of $215.07. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $110.70 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 earnings per share. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

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.