Wedmont Private Capital Sells 96 Shares of Marsh & McLennan Companies, Inc. $MMC

Wedmont Private Capital cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,737 shares of the financial services provider’s stock after selling 96 shares during the period. Wedmont Private Capital’s holdings in Marsh & McLennan Companies were worth $1,657,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $28,000. Activest Wealth Management raised its position in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 111 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $37,000. Finally, City Holding Co. bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth about $37,000. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

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 in the company, valued at $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 available at this hyperlink. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on MMC. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday. They issued a “peer perform” rating for the company. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. UBS Group decreased their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Finally, Barclays decreased their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $196.11 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50 day moving average price of $205.52 and a two-hundred day moving average price of $219.35. The firm has a market capitalization of $96.41 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.48 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 EPS. Equities 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 announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

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.