Robertson Stephens Wealth Management LLC Has $270,000 Holdings in Marsh & McLennan Companies, Inc. $MMC

Robertson Stephens Wealth Management LLC cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,236 shares of the financial services provider’s stock after selling 218 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $270,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MMC. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $28,000. Activest Wealth Management increased its position in shares of 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 valued at $28,000 after purchasing an additional 111 shares during the period. Capital Analysts LLC increased its position in shares of Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the period. Finally, Garde Capital Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $42,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $207.12 on Monday. The stock’s fifty day moving average is $203.29 and its 200-day moving average is $215.37. 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 stock has a market capitalization of $101.82 billion, a PE ratio of 24.83, a PEG ratio of 2.60 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its 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. The company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays lowered their price objective on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $248.00 to $242.00 in a research report on Thursday. Morgan Stanley lowered their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, July 21st. Finally, UBS Group lowered their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $237.13.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction 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 sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This 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 accessible through this link. Insiders own 0.35% of the company’s stock.

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.