Lmcg Investments LLC Decreases Holdings in Marsh & McLennan Companies, Inc. $MMC

Lmcg Investments LLC cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,100 shares of the financial services provider’s stock after selling 656 shares during the quarter. Lmcg Investments LLC’s holdings in Marsh & McLennan Companies were worth $1,334,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MMC. Accent Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $28,000. Activest Wealth Management increased its stake in shares of Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after buying an additional 111 shares during the period. Capital Analysts LLC increased its stake in shares of Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after buying an additional 64 shares during the period. Finally, Garde Capital Inc. purchased a new position in shares of Marsh & McLennan Companies in the first quarter worth $42,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MMC. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $248.00 to $242.00 in a research note on Thursday. Morgan Stanley decreased their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $237.13.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $207.12 on Friday. The stock has a market cap of $101.83 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81. The firm’s fifty day simple moving average is $203.29 and its 200 day simple moving average is $215.57. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. 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 released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share 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 quarter in the previous year, the business posted $2.41 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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

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.