Lmcg Investments LLC Sells 656 Shares of Marsh & McLennan Companies, Inc. $MMC

Lmcg Investments LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.7% during the second quarter, HoldingsChannel.com reports. The firm owned 6,100 shares of the financial services provider’s stock after selling 656 shares during the quarter. Lmcg Investments LLC’s holdings in Marsh & McLennan Companies were worth $1,334,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Marsh & McLennan Companies by 101.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after purchasing an additional 52,218 shares in the last quarter. LPL Financial LLC boosted its stake in Marsh & McLennan Companies by 9.9% in the 1st quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after purchasing an additional 29,247 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Marsh & McLennan Companies by 101.4% in the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 3,593 shares in the last quarter. US Asset Management LLC raised its position in Marsh & McLennan Companies by 23.1% in the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after buying an additional 1,284 shares during the last quarter. Finally, Geneva Partners LLC purchased a new position in Marsh & McLennan Companies in the 1st quarter worth about $4,673,000. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MMC. Weiss Ratings reissued a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Wednesday. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. UBS Group decreased their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays decreased their target price on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Cantor Fitzgerald assumed coverage on shares of 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. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $237.13.

Insider Transactions at Marsh & McLennan Companies

In related 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 value of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $207.12 on Friday. 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 $101.83 billion, a P/E ratio of 24.83, a PEG ratio of 2.61 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The company has a 50-day moving average price of $203.29 and a 200-day moving average price of $215.57.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating 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 net margin of 16.00% and a return on equity of 31.90%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 EPS. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

About Marsh & McLennan Companies

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.