Fluent Financial LLC Sells 254 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fluent Financial LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.7% during the third quarter, Holdings Channel reports. The institutional investor owned 2,651 shares of the financial services provider’s stock after selling 254 shares during the period. Fluent Financial LLC’s holdings in Marsh & McLennan Companies were worth $591,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MMC. Price T Rowe Associates Inc. MD increased its position in Marsh & McLennan Companies by 32.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after buying an additional 2,526,701 shares during the period. Assenagon Asset Management S.A. grew its position in Marsh & McLennan Companies by 4,991.4% during the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after buying an additional 679,474 shares in the last quarter. Jennison Associates LLC increased its stake in Marsh & McLennan Companies by 229.6% during the 1st quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after acquiring an additional 649,505 shares during the period. M&G Plc bought a new position in shares of Marsh & McLennan Companies in the first quarter worth $118,353,000. Finally, Bristol Gate Capital Partners Inc. acquired a new stake in Marsh & McLennan Companies during the first quarter worth about $95,139,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,735 shares of company stock worth $4,897,317 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Trading Up 0.5 %

Shares of NYSE MMC traded up $1.11 during trading on Friday, reaching $222.16. The company had a trading volume of 1,081,777 shares, compared to its average volume of 1,666,801. The stock has a market cap of $109.46 billion, a P/E ratio of 28.19, a PEG ratio of 3.13 and a beta of 0.94. The company’s fifty day moving average price is $224.32 and its 200-day moving average price is $213.51. 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, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32.

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

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Roth Mkm upped their price objective 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. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Bank of America lifted their price target on shares of Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Barclays assumed 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 for the company. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $215.81.

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.