Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the 2nd quarter, Holdings Channel reports. The firm owned 40,630 shares of the financial services provider’s stock after selling 282 shares during the period. Blair William & Co. IL’s holdings in Marsh & McLennan Companies were worth $8,562,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MMC. Vanguard Personalized Indexing Management LLC raised its position in Marsh & McLennan Companies by 10.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,500 shares of the financial services provider’s stock worth $10,220,000 after acquiring an additional 4,450 shares in the last quarter. Tredje AP fonden lifted its stake in Marsh & McLennan Companies by 12.2% during the second quarter. Tredje AP fonden now owns 118,392 shares of the financial services provider’s stock valued at $24,948,000 after purchasing an additional 12,900 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Marsh & McLennan Companies by 18.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,840 shares of the financial services provider’s stock worth $2,284,000 after buying an additional 1,718 shares in the last quarter. Argent Trust Co grew its position in Marsh & McLennan Companies by 1.6% in the second quarter. Argent Trust Co now owns 19,402 shares of the financial services provider’s stock worth $4,088,000 after buying an additional 313 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Marsh & McLennan Companies by 4.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 47,729 shares of the financial services provider’s stock valued at $10,057,000 after acquiring an additional 2,103 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated 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 in the company, valued at $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were 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 in the company, valued at $659,925.71. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock worth $4,897,317 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $223.55 on Friday. The company has a market capitalization 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 current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The stock has a 50 day moving average of $223.30 and a two-hundred day moving average of $212.30.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion for 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 business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Ratings Changes

MMC has been the topic of a number of recent analyst reports. Roth Mkm boosted 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. Barclays started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. 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. Finally, Royal Bank of Canada upped their price target 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.53.

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.