Catalyst Capital Advisors LLC Has $99,000 Stake in Marsh & McLennan Companies, Inc. $MMC

Catalyst Capital Advisors LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 57.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 453 shares of the financial services provider’s stock after selling 600 shares during the period. Catalyst Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $99,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $28,000. Activest Wealth Management increased its stake in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 64 shares in the last quarter. Finally, Clean Yield Group increased its stake in shares of Marsh & McLennan Companies by 114.4% in the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated 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 directly owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MMC opened at $186.59 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $91.41 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 2.34 and a beta of 0.81. The firm’s fifty day moving average price is $201.17 and its two-hundred day moving average price is $212.65. Marsh & McLennan Companies, Inc. has a 1 year low of $185.12 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued 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 1.9%. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Analysts Set New Price Targets

A number of analysts have commented on MMC shares. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Citigroup started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price target for the company from $209.00 to $191.00 in a research note on Friday, October 17th. Finally, Morgan Stanley decreased 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 research note on Tuesday, October 7th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $234.07.

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.