Ascent Group LLC Sells 624 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ascent Group LLC decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,843 shares of the financial services provider’s stock after selling 624 shares during the quarter. Ascent Group LLC’s holdings in Marsh & McLennan Companies were worth $3,534,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $3,710,000. Czech National Bank increased its position in shares of Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock worth $22,348,000 after acquiring an additional 6,282 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Marsh & McLennan Companies by 2.6% during the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock worth $195,003,000 after acquiring an additional 23,133 shares during the period. Cetera Investment Advisers lifted its position in Marsh & McLennan Companies by 236.7% in the 1st quarter. Cetera Investment Advisers now owns 55,496 shares of the financial services provider’s stock valued at $11,431,000 after acquiring an additional 39,013 shares in the last quarter. Finally, Kinsale Capital Group Inc. increased its holdings in Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.0 %

Shares of NYSE:MMC opened at $233.23 on Monday. The company has a 50-day simple moving average of $224.26 and a 200 day simple moving average of $219.89. The company has a market capitalization of $114.54 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MMC. BMO Capital Markets upped their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $227.60.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies 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.