MQS Management LLC Sells 2,638 Shares of Marsh & McLennan Companies, Inc. $MMC

MQS Management LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 73.0% in the second quarter, HoldingsChannel reports. The firm owned 975 shares of the financial services provider’s stock after selling 2,638 shares during the quarter. MQS Management LLC’s holdings in Marsh & McLennan Companies were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. lifted its stake in shares of Marsh & McLennan Companies by 3.6% in the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 44 shares during the period. IFP Advisors Inc lifted its stake in shares of Marsh & McLennan Companies by 0.6% in the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Marsh & McLennan Companies by 1.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 47 shares during the period. E Fund Management Co. Ltd. lifted its stake in shares of Marsh & McLennan Companies by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 47 shares during the period. Finally, McAdam LLC lifted its stake in shares of Marsh & McLennan Companies by 1.2% in the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 2.5%

MMC stock opened at $182.99 on Wednesday. Marsh & McLennan Companies, Inc. has a 1-year low of $182.73 and a 1-year high of $248.00. The business has a fifty day moving average price of $200.21 and a 200-day moving average price of $211.92. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $89.65 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.35 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction 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 completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MMC. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. UBS Group lowered their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, October 8th. Wolfe Research began coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $234.07.

Marsh & McLennan Companies Company 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.