Fidelis Capital Partners LLC Cuts Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fidelis Capital Partners LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,852 shares of the financial services provider’s stock after selling 590 shares during the period. Fidelis Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,494,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Epoch Investment Partners Inc. boosted its holdings in Marsh & McLennan Companies by 7.7% during the second quarter. Epoch Investment Partners Inc. now owns 584,445 shares of the financial services provider’s stock worth $123,154,000 after purchasing an additional 41,637 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 332.1% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 4,757 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 3,656 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 11,675.9% in the second quarter. Frank Rimerman Advisors LLC now owns 3,415 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 3,386 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Marsh & McLennan Companies by 4.9% during the second quarter. ProShare Advisors LLC now owns 100,846 shares of the financial services provider’s stock valued at $21,250,000 after acquiring an additional 4,735 shares during the last quarter. Finally, Legacy Financial Advisors Inc. boosted its position in Marsh & McLennan Companies by 2.3% in the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MMC shares. Barclays began coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Royal Bank of Canada boosted 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 research note on Friday, July 19th. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Roth Mkm increased 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $215.53.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 transaction, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction dated 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 $7,625,035.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MMC stock opened at $223.55 on Friday. The firm has a 50 day moving average of $223.30 and a 200-day moving average of $212.37. The firm has a market capitalization of $110.15 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business earned $2.20 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 given 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 1.46%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.