HB Wealth Management LLC Sells 1,716 Shares of Marsh & McLennan Companies, Inc. $MMC

HB Wealth Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,111 shares of the financial services provider’s stock after selling 1,716 shares during the period. HB Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $3,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $28,000. Activest Wealth Management lifted its stake in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. City Holding Co. bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $37,000. Finally, Capital Analysts LLC raised its position in Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.1%

Shares of NYSE:MMC opened at $201.41 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-week high of $248.00. The firm has a market capitalization of $99.02 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.53 and a beta of 0.81. The stock has a 50 day moving average price of $203.32 and a 200-day moving average price of $217.18. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its 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. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.41 EPS. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be paid a $0.90 dividend. The ex-dividend date 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 is presently 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on MMC shares. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target for the company. UBS Group lowered their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Barclays lowered their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $238.76.

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.