Sompo Asset Management Co. Ltd. Sells 1,400 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sompo Asset Management Co. Ltd. trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,680 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $4,147,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MMC. Gryphon Financial Partners LLC lifted its holdings in shares of 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 worth $203,000 after acquiring an additional 67 shares during the last quarter. Franklin Resources Inc. boosted its position in Marsh & McLennan Companies by 13.6% in the fourth quarter. Franklin Resources Inc. now owns 179,161 shares of the financial services provider’s stock valued at $33,946,000 after buying an additional 21,392 shares in the last quarter. InterOcean Capital Group LLC grew its stake in shares of Marsh & McLennan Companies by 2.3% during the fourth quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock worth $465,000 after buying an additional 56 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Marsh & McLennan Companies by 127.6% during the fourth quarter. King Luther Capital Management Corp now owns 13,984 shares of the financial services provider’s stock worth $2,650,000 after buying an additional 7,840 shares in the last quarter. Finally, Commerce Bank boosted its holdings in shares of Marsh & McLennan Companies by 0.7% during the 4th quarter. Commerce Bank now owns 25,461 shares of the financial services provider’s stock valued at $4,824,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MMC. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted 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. 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, Barclays assumed coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $215.53.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 transaction of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The stock was 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 of the company’s stock, valued at approximately $7,578,560.34. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock valued at $4,897,317 in the last three months. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.5 %

MMC opened at $223.55 on Friday. The firm has a market capitalization of $110.15 billion, a P/E ratio of 28.37, a PEG ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50-day moving average is $223.30 and its 200 day moving average is $212.30. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 EPS. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Marsh & McLennan Companies 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.