Marsh & McLennan Companies, Inc. $MMC Stake Lowered by Thrive Wealth Management LLC

Thrive Wealth Management LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,219 shares of the financial services provider’s stock after selling 220 shares during the period. Thrive Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MMC. Wellington Management Group LLP lifted its stake in shares of Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after purchasing an additional 4,505,548 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $1,038,594,000. GAMMA Investing LLC lifted its stake in shares of Marsh & McLennan Companies by 32,120.9% in the 1st quarter. GAMMA Investing LLC now owns 1,515,670 shares of the financial services provider’s stock valued at $369,869,000 after purchasing an additional 1,510,966 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Marsh & McLennan Companies by 153.6% in the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock valued at $578,517,000 after purchasing an additional 1,436,044 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Marsh & McLennan Companies by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,218,488 shares of the financial services provider’s stock worth $1,108,459,000 after acquiring an additional 609,602 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price for the company. Barclays cut their target price on shares of 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. Keefe, Bruyette & Woods cut their target price on shares of 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. Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday. They set a “peer perform” rating for the company. Finally, UBS Group cut their target price on shares of 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. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $238.76.

Marsh & McLennan Companies Price Performance

MMC opened at $196.82 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50 day simple moving average is $206.22 and its 200-day simple moving average is $219.81. The stock has a market capitalization of $96.76 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the prior year, the firm earned $2.41 earnings per share. Marsh & McLennan Companies’s revenue was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, July 24th. Marsh & McLennan Companies’s payout ratio is currently 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.