Marsh & McLennan Companies, Inc. $MMC Shares Sold by Matauro LLC

Matauro LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,738 shares of the financial services provider’s stock after selling 1,584 shares during the quarter. Matauro LLC’s holdings in Marsh & McLennan Companies were worth $1,036,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Marsh & McLennan Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock valued at $11,059,792,000 after acquiring an additional 581,930 shares during the period. Wellington Management Group LLP lifted its holdings in Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after purchasing an additional 4,505,548 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Marsh & McLennan Companies by 8.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock valued at $1,060,362,000 after purchasing an additional 340,907 shares in the last quarter. Nuveen LLC purchased a new position in Marsh & McLennan Companies in the 1st quarter valued at $1,038,594,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Marsh & McLennan Companies by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider’s stock valued at $697,471,000 after purchasing an additional 65,778 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.8%

Shares of MMC opened at $199.71 on Friday. The firm has a market cap of $98.18 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 12-month low of $195.01 and a 12-month high of $248.00. The company’s 50-day moving average price is $203.14 and its 200 day moving average price is $216.95. 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 (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MMC shares. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, July 21st. Morgan Stanley decreased their price objective on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Citigroup started coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target on the stock. UBS Group reduced their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Finally, Barclays reduced their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $238.76.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.