Citizens Financial Group Inc. RI Has $1.70 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Citizens Financial Group Inc. RI decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,790 shares of the financial services provider’s stock after selling 486 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Marsh & McLennan Companies were worth $1,703,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $25,000. Knuff & Co LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at $28,000. Activest Wealth Management boosted its stake in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after buying an additional 111 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the period. Finally, Access Investment Management LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth about $39,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the topic of a number of analyst reports. Evercore ISI lowered their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. UBS Group lowered their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Finally, TD Cowen lowered their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $228.63.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’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. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $180.75 on Tuesday. The stock has a 50-day simple moving average of $192.70 and a 200 day simple moving average of $207.51. The stock has a market capitalization of $88.55 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.25 and a beta of 0.78. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the company posted $1.63 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate 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 was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.