Marsh & McLennan Companies, Inc. $MMC Holdings Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,903 shares of the financial services provider’s stock after selling 14,476 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Marsh & McLennan Companies were worth $38,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after buying an additional 4,505,548 shares during the last quarter. Nuveen LLC bought a new position in Marsh & McLennan Companies during the 1st quarter worth $1,038,594,000. Valeo Financial Advisors LLC grew its stake in Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after buying an additional 2,623,745 shares during the last quarter. Ninety One UK Ltd grew its stake in Marsh & McLennan Companies by 153.6% during the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock worth $578,517,000 after buying an additional 1,436,044 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Marsh & McLennan Companies by 5,035.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock worth $176,836,000 after buying an additional 793,052 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MMC has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, October 8th. Citigroup began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target for the company. Finally, UBS Group reduced their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $237.13.

Insider Activity at Marsh & McLennan Companies

In other 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 directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Trading Down 1.4%

Shares of Marsh & McLennan Companies stock opened at $204.05 on Thursday. 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 firm has a market cap of $100.31 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81. The business has a fifty day simple moving average of $203.55 and a 200-day simple moving average of $214.98. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.01 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

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.