QRG Capital Management Inc. Sells 46,163 Shares of Marsh & McLennan Companies, Inc. $MMC

QRG Capital Management Inc. reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 52.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,717 shares of the financial services provider’s stock after selling 46,163 shares during the quarter. QRG Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $9,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of MMC. Brighton Jones LLC increased its stake in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC increased its stake in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares in the last quarter. NBC Securities Inc. purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth $101,000. Vest Financial LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth $237,000. Finally, Signal Advisors Wealth LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth $597,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.8%

Shares of NYSE:MMC opened at $201.25 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12 month low of $195.01 and a 12 month high of $248.00. The company has a 50-day moving average price of $202.96 and a 200 day moving average price of $216.63. The company has a market cap of $98.94 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.53 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating 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 firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the firm earned $2.41 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MMC. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. UBS Group cut their price objective 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. Morgan Stanley cut their price objective on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Barclays cut their price objective on 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. Finally, Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $238.76.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

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.