Marsh & McLennan Companies, Inc. $MMC Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,171 shares of the financial services provider’s stock after selling 873 shares during the period. Marsh & McLennan Companies makes up approximately 1.2% of Nixon Peabody Trust Co.’s portfolio, making the stock its 25th largest position. Nixon Peabody Trust Co.’s holdings in Marsh & McLennan Companies were worth $15,998,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Harbour Investments Inc. raised its position in Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 44 shares during the period. IFP Advisors Inc boosted its stake in Marsh & McLennan Companies by 0.6% during the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after buying an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of 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 valued at $1,102,000 after acquiring an additional 47 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Marsh & McLennan Companies by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 47 shares during the period. Finally, McAdam LLC boosted its position in shares of Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 47 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $183.73 on Friday. The company’s 50 day simple moving average is $193.57 and its 200-day simple moving average is $208.30. 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. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly 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. 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 the consensus estimate of $6.34 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS 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. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Analysts Set New Price Targets

MMC has been the topic of a number of research analyst reports. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price on the stock. Evercore ISI cut their price target 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. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their target price for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $228.63.

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.