Trivium Point Advisory LLC Sells 213 Shares of Marsh & McLennan Companies, Inc. $MMC

Trivium Point Advisory LLC reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,980 shares of the financial services provider’s stock after selling 213 shares during the quarter. Trivium Point Advisory LLC’s holdings in Marsh & McLennan Companies were worth $870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MMC. Vanguard Group Inc. increased its position in Marsh & McLennan Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock worth $11,059,792,000 after purchasing an additional 581,930 shares in the last quarter. 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 acquiring an additional 4,505,548 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Marsh & McLennan Companies by 8.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after acquiring an additional 340,907 shares during the last quarter. Nuveen LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $1,038,594,000. Finally, Charles Schwab Investment Management Inc. raised its position in Marsh & McLennan Companies by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider’s stock valued at $697,471,000 after purchasing an additional 65,778 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MMC. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research note on Friday, July 18th. Barclays cut their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. UBS Group lowered their target price on 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. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Finally, Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $238.76.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $201.65 on Wednesday. The firm has a market capitalization of $99.14 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.52 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. The company has a fifty day moving average of $203.48 and a 200-day moving average of $217.29. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.92 billion. During the same period last year, the company posted $2.41 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.