Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,719 shares of the financial services provider’s stock after selling 245 shares during the quarter. Pacer Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $10,266,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $27,000. Clear Investment Research LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $33,000. Crewe Advisors LLC grew its position in shares of Marsh & McLennan Companies by 100.0% in the 2nd 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. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.5 %

Shares of Marsh & McLennan Companies stock opened at $223.55 on Monday. The business’s fifty day moving average price is $223.30 and its two-hundred day moving average price is $212.43. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company 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. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results 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 return on equity of 33.92% and a net margin of 16.97%. The firm 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 business earned $2.20 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. 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 dividend payout ratio is presently 41.37%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Roth Mkm lifted 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, Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $215.53.

Insider Transactions at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies 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 owns 2,923 shares in the company, valued at $659,925.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,735 shares of company stock valued at $4,897,317. Corporate insiders own 0.30% of the company’s stock.

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.