Marsh & McLennan Companies, Inc. $MMC Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,626 shares of the financial services provider’s stock after selling 117 shares during the period. Waldron Private Wealth LLC’s holdings in Marsh & McLennan Companies were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted 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 worth $11,059,792,000 after buying an additional 581,930 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of 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 stake in shares of 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 acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $1,038,594,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $186.59 on Monday. The company has a market cap of $91.41 billion, a P/E ratio of 22.37, a PEG ratio of 2.34 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a one year low of $185.12 and a one year high of $248.00. The business’s 50-day simple moving average is $201.17 and its 200 day simple moving average is $212.53.

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 (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the business earned $1.63 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.9%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Evercore ISI dropped their target price on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Finally, Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $234.07.

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.