Transcend Capital Advisors LLC Reduces Stake in Marsh & McLennan Companies, Inc. $MMC

Transcend Capital Advisors LLC cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,540 shares of the financial services provider’s stock after selling 2,201 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $3,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $28,000. Activest Wealth Management grew its holdings 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 grew its holdings in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares during the period. Finally, Clean Yield Group grew its holdings 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 purchasing an additional 103 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $186.59 on Monday. The firm has a market capitalization of $91.41 billion, a P/E ratio of 22.37, a P/E/G 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. The firm’s 50 day moving average is $201.17 and its two-hundred day moving average is $212.53.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS 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. Shareholders of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MMC. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price for the company. Morgan Stanley lowered their target price on 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. Barclays lowered their target price on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Finally, The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price target for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $234.07.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company 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.