Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,193,291 shares of the financial services provider’s stock after selling 2,988 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.24% of Marsh & McLennan Companies worth $266,307,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MMC. Wealth Enhancement Advisory Services LLC boosted its position in Marsh & McLennan Companies by 18.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 54,237 shares of the financial services provider’s stock worth $11,172,000 after acquiring an additional 8,471 shares during the period. Vicus Capital bought a new position in Marsh & McLennan Companies in the 1st quarter valued at about $241,000. Founders Financial Securities LLC increased its stake in Marsh & McLennan Companies by 6.4% during the 1st quarter. Founders Financial Securities LLC now owns 3,103 shares of the financial services provider’s stock valued at $639,000 after buying an additional 187 shares during the period. Cornerstone Wealth Group LLC acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $231,000. Finally, Trilogy Capital Inc. acquired a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $280,000. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,566 shares of company stock worth $4,420,137. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MMC shares. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Finally, Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $225.33.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $221.31 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32. The business has a fifty day simple moving average of $225.53 and a 200 day simple moving average of $215.64. The firm has a market cap of $109.04 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 3.33 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 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 15th. Investors of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

About Marsh & McLennan Companies

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.