DoubleLine ETF Adviser LP Sells 332 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

DoubleLine ETF Adviser LP lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,234 shares of the financial services provider’s stock after selling 332 shares during the period. DoubleLine ETF Adviser LP’s holdings in Marsh & McLennan Companies were worth $1,735,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MMC. Vanguard Group Inc. boosted 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 last quarter. Price T Rowe Associates Inc. MD grew its stake in Marsh & McLennan Companies by 3.7% during the first 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 boosted its holdings in shares of 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 buying an additional 11,459 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Marsh & McLennan Companies by 0.4% during the 1st 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. Finally, Jensen Investment Management Inc. lifted its position in shares of Marsh & McLennan Companies by 1.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after acquiring an additional 40,182 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $223.88 on Thursday. 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 firm has a market cap of $110.31 billion, a PE ratio of 28.41, a PEG ratio of 3.13 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. The stock’s fifty day moving average price is $223.52 and its two-hundred day moving average price is $212.70.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $2.20 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The shares were 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 directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, 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 filing with the SEC, which is available 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 transaction of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock valued at $4,897,317 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Roth Mkm boosted their target price 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. Finally, Royal Bank of Canada raised their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $215.53.

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.