Acorn Creek Capital LLC Decreases Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Acorn Creek Capital LLC lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,417 shares of the financial services provider’s stock after selling 92 shares during the period. Acorn Creek Capital LLC’s holdings in Marsh & McLennan Companies were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth about $25,000. Knuff & Co LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth about $28,000. Activest Wealth Management raised its position in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 111 shares during the last quarter. Capital Analysts LLC raised its position in Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 64 shares during the last quarter. Finally, Garde Capital Inc. acquired a new position in Marsh & McLennan Companies during the first quarter worth about $42,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $207.12 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50 day moving average price of $203.29 and a 200 day moving average price of $215.57. The firm has a market capitalization of $101.83 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping 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 firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business posted $2.41 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.7%. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MMC has been the subject of a number of research reports. UBS Group cut their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective for the company. Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Citigroup assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $237.13.

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.