Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Brighton Jones LLC

Brighton Jones LLC lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,135 shares of the financial services provider’s stock after selling 533 shares during the period. Brighton Jones LLC’s holdings in Marsh & McLennan Companies were worth $2,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 6.3% in the 4th 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. Franklin Resources Inc. lifted its stake in shares of Marsh & McLennan Companies by 13.6% in the 4th quarter. Franklin Resources Inc. now owns 179,161 shares of the financial services provider’s stock valued at $33,946,000 after purchasing an additional 21,392 shares during the last quarter. InterOcean Capital Group LLC lifted its stake in shares of Marsh & McLennan Companies by 2.3% in the 4th quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 56 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Marsh & McLennan Companies by 127.6% in the 4th quarter. King Luther Capital Management Corp now owns 13,984 shares of the financial services provider’s stock valued at $2,650,000 after purchasing an additional 7,840 shares during the last quarter. Finally, Commerce Bank lifted its stake in shares of Marsh & McLennan Companies by 0.7% in the 4th quarter. Commerce Bank now owns 25,461 shares of the financial services provider’s stock valued at $4,824,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

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

Marsh & McLennan Companies Trading Down 0.5 %

NYSE:MMC opened at $223.55 on Friday. The stock has a 50-day simple moving average of $223.30 and a 200-day simple moving average of $212.30. The stock has a market cap of $110.15 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.20 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 quick ratio of 1.17 and a current 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 business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada boosted their price objective on 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 boosted their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Barclays initiated coverage on Marsh & McLennan Companies in a 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 given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.