Marsh & McLennan Companies, Inc. $MMC Shares Sold by IFC Advisors LLC

IFC Advisors LLC decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,447 shares of the financial services provider’s stock after selling 71 shares during the period. IFC Advisors LLC’s holdings in Marsh & McLennan Companies were worth $535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Marsh & McLennan Companies by 101.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after acquiring an additional 52,218 shares in the last quarter. LPL Financial LLC increased its position in shares of Marsh & McLennan Companies by 9.9% in the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after acquiring an additional 29,247 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Marsh & McLennan Companies by 101.4% in the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock worth $1,741,000 after acquiring an additional 3,593 shares in the last quarter. US Asset Management LLC increased its position in shares of Marsh & McLennan Companies by 23.1% in the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after acquiring an additional 1,284 shares in the last quarter. Finally, Geneva Partners LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $4,673,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

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

Marsh & McLennan Companies Trading Down 1.0%

NYSE MMC opened at $205.03 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $195.01 and a 12 month high of $248.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $100.80 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81. The company’s fifty day moving average price is $203.41 and its two-hundred day moving average price is $215.11.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the firm posted $2.41 EPS. The firm’s revenue 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 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

Analysts Set New Price Targets

MMC has been the subject of several recent research reports. Cantor Fitzgerald initiated 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. Citigroup started 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday, October 8th. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $237.13.

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.