IFP Advisors Inc Sells 576 Shares of Marsh & McLennan Companies, Inc. $MMC

IFP Advisors Inc decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,903 shares of the financial services provider’s stock after selling 576 shares during the quarter. IFP Advisors Inc’s holdings in Marsh & McLennan Companies were worth $1,667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies during the first quarter valued at about $28,000. Activest Wealth Management boosted its position in 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 in the last quarter. Capital Analysts LLC boosted its position in 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 in the last quarter. Finally, Garde Capital Inc. bought a new stake in Marsh & McLennan Companies during the first quarter valued at about $42,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.5%

Shares of MMC stock opened at $207.12 on Friday. The stock has a 50 day moving average of $203.29 and a 200 day moving average of $215.57. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market cap of $101.83 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.61 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The company had revenue of $6.97 billion during 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%.Marsh & McLennan Companies’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $2.41 earnings per share. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MMC. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a report on Wednesday. Morgan Stanley lowered their price target 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. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $248.00 to $242.00 in a report on Thursday. Finally, Citigroup began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target for the company. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.