Shira Ridge Wealth Management Decreases Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Shira Ridge Wealth Management reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,666 shares of the financial services provider’s stock after selling 52 shares during the period. Shira Ridge Wealth Management’s holdings in Marsh & McLennan Companies were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $37,178,000. Bison Wealth LLC increased its position in shares of Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at about $214,000. Finally, Tidal Investments LLC increased its position in Marsh & McLennan Companies by 94.3% during the 4th quarter. Tidal Investments LLC now owns 25,282 shares of the financial services provider’s stock worth $5,370,000 after purchasing an additional 12,269 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. Morgan Stanley cut their target price on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They issued a “peer perform” rating on the stock. Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective on the stock. Finally, Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $238.76.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Up 0.3%

Shares of MMC opened at $197.42 on Thursday. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $97.06 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.47 and a beta of 0.81. The company has a 50-day simple moving average of $205.89 and a 200-day simple moving average of $219.65.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business posted $2.41 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 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 14th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.