Livforsakringsbolaget Skandia Omsesidigt Cuts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 945 shares of the financial services provider’s stock after selling 200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marsh & McLennan Companies were worth $199,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO purchased a new stake in Marsh & McLennan Companies during the first quarter worth $25,000. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth about $27,000. Sachetta LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $29,000. Finally, Clear Investment Research LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $33,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on MMC. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm increased their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. TD Cowen lifted their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $214.25.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The sale was disclosed in a document filed with the SEC, which is available at this link. In related 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 value of $2,324,098.65. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,904 shares of company stock valued at $6,607,149. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.2 %

Shares of NYSE MMC traded down $2.57 during mid-day trading on Monday, hitting $217.49. 1,038,703 shares of the company traded hands, compared to its average volume of 1,683,323. The business has a 50 day moving average of $214.82 and a two-hundred day moving average of $206.60. The stock has a market capitalization of $107.16 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $227.63. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company posted $2.20 earnings per share. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be issued a dividend of $0.815 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, July 25th. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

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.