Horizon Bancorp Inc. IN Sells 59 Shares of Marsh & McLennan Companies, Inc. $MMC

Horizon Bancorp Inc. IN reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 690 shares of the financial services provider’s stock after selling 59 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Marsh & McLennan Companies were worth $151,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MMC. Brighton Jones LLC increased its stake in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Marsh & McLennan Companies by 32.0% during the 1st quarter. GAMMA Investing LLC now owns 6,211 shares of the financial services provider’s stock valued at $1,516,000 after acquiring an additional 1,507 shares during the period. Trueblood Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 24.4% during the 1st quarter. Trueblood Wealth Management LLC now owns 1,311 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 257 shares during the period. Finally, Integrated Advisors Network LLC boosted its holdings in Marsh & McLennan Companies by 10.4% during the 1st quarter. Integrated Advisors Network LLC now owns 5,349 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 505 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.6%

Shares of NYSE:MMC opened at $205.97 on Friday. The business’s 50 day moving average is $203.11 and its 200 day moving average is $215.93. 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 stock has a market cap of $101.26 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The company 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%.Marsh & McLennan Companies’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.7%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup assumed coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective for the company. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Wolfe Research started coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Finally, Barclays dropped their price objective on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $237.13.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

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.