Vestor Capital LLC Sells 65 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vestor Capital LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 8.7% during the 1st quarter, Holdings Channel reports. The firm owned 684 shares of the financial services provider’s stock after selling 65 shares during the quarter. Vestor Capital LLC’s holdings in Marsh & McLennan Companies were worth $117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Delos Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $25,000. Smith Group Asset Management LLC boosted its position in Marsh & McLennan Companies by 196.6% during the 4th quarter. Smith Group Asset Management LLC now owns 172 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 114 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its position in Marsh & McLennan Companies by 90.7% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 185 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 88 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in Marsh & McLennan Companies by 52.8% during the 1st quarter. Hanson & Doremus Investment Management now owns 249 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Finally, Mascoma Wealth Management LLC boosted its position in Marsh & McLennan Companies by 60.9% during the 1st quarter. Mascoma Wealth Management LLC now owns 296 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 88.61% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded up $0.29 during trading on Friday, reaching $165.60. 1,290,776 shares of the company’s stock traded hands, compared to its average volume of 2,099,568. Marsh & McLennan Companies, Inc. has a fifty-two week low of $142.80 and a fifty-two week high of $183.14. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.96. The firm has a market cap of $83.12 billion, a PE ratio of 24.98, a P/E/G ratio of 2.96 and a beta of 0.90. The company has a 50-day simple moving average of $155.39 and a 200-day simple moving average of $158.16.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last posted its earnings results on Thursday, July 21st. The financial services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. Marsh & McLennan Companies had a return on equity of 31.24% and a net margin of 16.36%. The firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period last year, the firm earned $1.75 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 6.8 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Thursday, July 28th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.43%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, July 27th. Marsh & McLennan Companies’s payout ratio is presently 35.60%.

Analyst Ratings Changes

A number of analysts have recently weighed in on MMC shares. StockNews.com cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 30th. The Goldman Sachs Group started coverage on Marsh & McLennan Companies in a research report on Tuesday, July 12th. They issued a “buy” rating and a $182.00 price objective for the company. Royal Bank of Canada raised their price objective on Marsh & McLennan Companies from $170.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Friday, April 22nd. Raymond James raised their price objective on Marsh & McLennan Companies from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Finally, Piper Sandler raised their target price on Marsh & McLennan Companies from $185.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $177.00.

About Marsh & McLennan Companies

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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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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