Blair William & Co. IL Cuts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Blair William & Co. IL lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,630 shares of the financial services provider’s stock after selling 282 shares during the period. Blair William & Co. IL’s holdings in Marsh & McLennan Companies were worth $8,562,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Marsh & McLennan Companies by 0.3% during the first quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after acquiring an additional 119,236 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after purchasing an additional 380,828 shares during the period. Parnassus Investments LLC increased its position in Marsh & McLennan Companies by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after purchasing an additional 11,459 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Marsh & McLennan Companies by 0.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 3,450,461 shares of the financial services provider’s stock valued at $653,759,000 after buying an additional 25,202 shares during the period. Finally, Clearbridge Investments LLC grew its stake in Marsh & McLennan Companies by 0.4% during the first quarter. Clearbridge Investments LLC now owns 3,350,649 shares of the financial services provider’s stock worth $690,167,000 after buying an additional 14,726 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MMC shares. JPMorgan Chase & Co. lifted their target price on shares of 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 upped their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Barclays began coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Finally, Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $215.53.

Marsh & McLennan Companies Trading Down 0.5 %

Shares of NYSE MMC opened at $223.55 on Friday. The stock 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 stock’s 50 day moving average price is $223.30 and its two-hundred day moving average price is $212.30. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32.

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

Marsh & McLennan Companies Announces Dividend

The business 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. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Marsh & McLennan Companies 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 sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value 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. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock worth $4,897,317 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

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.