Versor Investments LP Has $421,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Versor Investments LP lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 52.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,998 shares of the financial services provider’s stock after selling 2,202 shares during the period. Versor Investments LP’s holdings in Marsh & McLennan Companies were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MMC. Spire Wealth Management lifted its position in shares of Marsh & McLennan Companies by 25.0% in the fourth quarter. Spire Wealth Management now owns 4,570 shares of the financial services provider’s stock valued at $910,000 after buying an additional 914 shares during the last quarter. Private Advisor Group LLC boosted its position in Marsh & McLennan Companies by 19.4% during the fourth quarter. Private Advisor Group LLC now owns 14,565 shares of the financial services provider’s stock worth $2,760,000 after purchasing an additional 2,363 shares during the period. Lincoln National Corp increased its holdings in shares of Marsh & McLennan Companies by 51.6% in the fourth quarter. Lincoln National Corp now owns 4,068 shares of the financial services provider’s stock valued at $771,000 after purchasing an additional 1,385 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Marsh & McLennan Companies by 196.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,549 shares of the financial services provider’s stock valued at $862,000 after purchasing an additional 3,013 shares during the period. Finally, Gryphon Financial Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 6.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,127 shares of the financial services provider’s stock worth $203,000 after buying an additional 67 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MMC. Bank of America boosted their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Finally, Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $214.25.

Insider Activity at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The disclosure for this sale can be found here. Insiders sold a total of 27,735 shares of company stock valued at $6,151,377 in the last quarter. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.0 %

NYSE MMC opened at $231.37 on Thursday. The business has a fifty day moving average price of $219.69 and a two-hundred day moving average price of $210.19. The stock has a market capitalization of $114.00 billion, a PE ratio of 29.36, a PEG ratio of 3.17 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $231.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 EPS. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.