Wilbanks Smith & Thomas Asset Management LLC Sells 160 Shares of Marsh & McLennan Companies, Inc. (MMC)

Wilbanks Smith & Thomas Asset Management LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,319 shares of the financial services provider’s stock after selling 160 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Accident Compensation Corp lifted its holdings in shares of Marsh & McLennan Companies by 8.5% during the first quarter. Accident Compensation Corp now owns 81,380 shares of the financial services provider’s stock worth $6,013,000 after purchasing an additional 6,400 shares during the period. Great Lakes Advisors LLC lifted its holdings in Marsh & McLennan Companies by 2.6% in the second quarter. Great Lakes Advisors LLC now owns 8,677 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 217 shares during the period. PICTET BANK & TRUST Ltd acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $1,454,000. Delta Lloyd Asset Management N.V. acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $4,338,000. Finally, Buckingham Asset Management LLC lifted its holdings in Marsh & McLennan Companies by 2.5% in the second quarter. Buckingham Asset Management LLC now owns 2,841 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 68 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have commented on MMC shares. BidaskClub downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC raised their target price on Marsh & McLennan Companies from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Wells Fargo & Company reissued a “buy” rating on shares of Marsh & McLennan Companies in a report on Wednesday, August 9th. Citigroup Inc. raised their target price on Marsh & McLennan Companies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $85.00 price target on shares of Marsh & McLennan Companies in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Marsh & McLennan Companies presently has an average rating of “Buy” and an average price target of $82.64.

In related news, SVP E Scott Gilbert sold 30,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $77.31, for a total transaction of $2,319,300.00. Following the transaction, the senior vice president now directly owns 68,427 shares of the company’s stock, valued at $5,290,091.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.46% of the stock is currently owned by insiders.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.55 billion. Marsh & McLennan Companies had a return on equity of 28.56% and a net margin of 13.97%. Marsh & McLennan Companies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, October 6th. Marsh & McLennan Companies’s payout ratio is 41.44%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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