Johnson Investment Counsel Inc. Sells 8,851 Shares of Marsh & McLennan Companies, Inc. $MMC

Johnson Investment Counsel Inc. trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,427 shares of the financial services provider’s stock after selling 8,851 shares during the period. Johnson Investment Counsel Inc. owned about 0.09% of Marsh & McLennan Companies worth $98,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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 boosted its holdings 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 buying an additional 111 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after buying an additional 64 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $42,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $207.12 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12 month low of $195.01 and a 12 month high of $248.00. The company has a 50 day simple moving average of $203.29 and a two-hundred day simple moving average of $215.57. The stock has a market cap of $101.83 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.61 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the previous year, the business posted $2.41 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MMC shares. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price for the company. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $237.13.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

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.