Marsh & McLennan Companies, Inc. $MMC Shares Sold by KBC Group NV

KBC Group NV cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 96,839 shares of the financial services provider’s stock after selling 2,230 shares during the period. KBC Group NV’s holdings in Marsh & McLennan Companies were worth $21,173,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. lifted its position in Marsh & McLennan Companies by 3.6% during the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after buying an additional 44 shares during the period. IFP Advisors Inc boosted its position in shares of Marsh & McLennan Companies by 0.6% in the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after acquiring an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Marsh & McLennan Companies by 1.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 47 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in Marsh & McLennan Companies by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 47 shares during the period. Finally, McAdam LLC boosted its holdings 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 last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $183.73 on Friday. The business has a 50 day moving average price of $193.57 and a two-hundred day moving average price of $208.30. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The firm has a market cap of $90.01 billion, a PE ratio of 22.03, a price-to-earnings-growth 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 (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share 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 given 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 dated 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 transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several research reports. Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Barclays cut their price objective on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $228.63.

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.