Nisa Investment Advisors LLC Sells 24,019 Shares of Marsh & McLennan Companies, Inc. $MMC

Nisa Investment Advisors LLC reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 156,218 shares of the financial services provider’s stock after selling 24,019 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $34,156,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MMC. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies during the first quarter worth $28,000. Activest Wealth Management raised its stake in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares during the period. Capital Analysts LLC raised its position in 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 acquiring an additional 64 shares during the period. Finally, Clean Yield Group grew its stake in shares of Marsh & McLennan Companies by 114.4% during the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Down 0.8%

NYSE:MMC opened at $186.59 on Friday. The firm has a 50 day moving average of $201.17 and a 200 day moving average of $212.65. The stock has a market capitalization of $91.41 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.34 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 52 week low of $185.12 and a 52 week high of $248.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

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

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MMC shares. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their target price for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. Morgan Stanley lowered their target price 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. Evercore ISI decreased their price target on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. UBS Group cut their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Wolfe Research began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $234.07.

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.