ASB Consultores LLC Sells 1,711 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

ASB Consultores LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 42.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,352 shares of the financial services provider’s stock after selling 1,711 shares during the period. ASB Consultores LLC’s holdings in Marsh & McLennan Companies were worth $496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parnassus Investments LLC increased its stake in shares of Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after purchasing an additional 11,459 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Marsh & McLennan Companies by 2.6% during the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock valued at $195,003,000 after buying an additional 23,133 shares during the last quarter. Veritas Investment Partners UK Ltd. grew its holdings in shares of Marsh & McLennan Companies by 16.9% during the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock valued at $266,134,000 after buying an additional 203,017 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Marsh & McLennan Companies by 12.4% during the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after buying an additional 100,378 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $3,465,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent analyst reports. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. 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 report on Thursday, July 11th. Finally, Barclays initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $224.61 on Friday. The company’s 50-day moving average price is $223.20 and its 200-day moving average price is $212.15. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month 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 company has a market cap of $110.67 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the firm posted $2.20 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid 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 presently 41.37%.

Insider Buying and Selling

In related news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following 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. In the last ninety days, insiders sold 21,735 shares of company stock valued at $4,897,317. 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.