Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,350 shares of the financial services provider’s stock after selling 2,833 shares during the period. 1832 Asset Management L.P.’s holdings in Marsh & McLennan Companies were worth $31,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MMC. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $27,000. Clear Investment Research LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $33,000. Crewe Advisors LLC grew its stake in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Marsh & McLennan Companies during the first quarter worth about $35,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $224.57 on Tuesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32. The firm’s 50 day moving average is $223.43 and its two-hundred day moving average is $212.57. The company has a market cap of $110.65 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.20 and a beta of 0.94. 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 (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, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm’s 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 transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stacy Mills sold 4,101 shares of the company’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 completion of the sale, 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 have sold a total of 21,735 shares of company stock valued at $4,897,317 over the last ninety days. Corporate 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.