Fluent Financial LLC Has $591,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fluent Financial LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,651 shares of the financial services provider’s stock after selling 254 shares during the period. Fluent Financial LLC’s holdings in Marsh & McLennan Companies were worth $591,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Unique Wealth LLC bought a new stake in Marsh & McLennan Companies during the third quarter worth about $205,000. Czech National Bank boosted its holdings in shares of Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after acquiring an additional 6,282 shares in the last quarter. AMF Tjanstepension AB grew its position in Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after acquiring an additional 19,024 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in Marsh & McLennan Companies by 13.8% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 4,178 shares of the financial services provider’s stock valued at $932,000 after purchasing an additional 508 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Marsh & McLennan Companies in the second quarter worth $3,710,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.5 %

Marsh & McLennan Companies stock traded up $1.11 during mid-day trading on Friday, hitting $222.16. 1,081,777 shares of the company’s stock were exchanged, compared to its average volume of 1,666,801. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week 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 firm has a market capitalization of $109.46 billion, a P/E ratio of 28.19, a PEG ratio of 3.13 and a beta of 0.94. The company’s 50 day simple moving average is $224.32 and its 200-day simple moving average is $213.51.

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 for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for 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%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 EPS. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Roth Mkm raised their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Barclays started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Bank of America raised their price target on shares of Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada upped 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $215.81.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies 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 sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’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 sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their position. 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 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.