Profund Advisors LLC Cuts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Profund Advisors LLC lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,421 shares of the financial services provider’s stock after selling 151 shares during the period. Profund Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,564,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MMC. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the first quarter worth about $25,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $27,000. Crewe Advisors LLC increased its position in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $35,000. Finally, Clear Investment Research LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at about $33,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now owns 11,861 shares in the company, valued at approximately $2,609,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock worth $4,897,317 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $224.57 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year 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. The company has a market cap of $110.65 billion, a PE ratio of 28.50, a PEG ratio of 3.20 and a beta of 0.94. The stock’s 50-day moving average price is $223.43 and its two-hundred day moving average price is $212.57.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Analyst Ratings Changes

Several analysts have issued reports on MMC shares. JPMorgan Chase & Co. increased 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 report on Thursday, July 11th. Barclays started coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective on the stock. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Finally, Roth Mkm upped their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Two equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $215.53.

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.