Xponance Inc. Sells 31,711 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Xponance Inc. lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,208 shares of the financial services provider’s stock after selling 31,711 shares during the quarter. Xponance Inc.’s holdings in Marsh & McLennan Companies were worth $21,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MMC. Price T Rowe Associates Inc. MD lifted its stake in Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock valued at $1,940,789,000 after buying an additional 2,526,701 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Marsh & McLennan Companies by 4,991.4% in the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after buying an additional 679,474 shares in the last quarter. Jennison Associates LLC lifted its stake in Marsh & McLennan Companies by 229.6% in the first quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock valued at $192,066,000 after buying an additional 649,505 shares in the last quarter. M&G Plc bought a new position in Marsh & McLennan Companies in the first quarter valued at approximately $118,353,000. Finally, Bristol Gate Capital Partners Inc. bought a new position in Marsh & McLennan Companies in the first quarter valued at approximately $95,139,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MMC shares. Royal Bank of Canada boosted their price objective on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Barclays started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Finally, Roth Mkm boosted their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $215.53.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $223.55 on Monday. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The company 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 firm’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.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 1.46%. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

Insider Activity

In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Stacy Mills sold 4,101 shares of the company’s 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 sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was 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. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is owned by company insiders.

About Marsh & McLennan Companies

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.