Delap Wealth Advisory LLC Sells 811 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Delap Wealth Advisory LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,679 shares of the financial services provider’s stock after selling 811 shares during the period. Marsh & McLennan Companies makes up approximately 0.9% of Delap Wealth Advisory LLC’s holdings, making the stock its 21st biggest position. Delap Wealth Advisory LLC’s holdings in Marsh & McLennan Companies were worth $2,040,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

MMC has been the subject of a number of research reports. Barclays initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target for the company. Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Roth Mkm raised their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their price target 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $215.53.

Insider Activity

In related news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. 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 Price Performance

Marsh & McLennan Companies stock opened at $223.55 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The firm has a market cap of $110.15 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day moving average is $223.30 and its two-hundred day moving average is $212.37.

Marsh & McLennan Companies (NYSE:MMC) last posted 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. 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 analysts’ expectations of $6.31 billion. During the same quarter last year, the company posted $2.20 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

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.