Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by WestHill Financial Advisors Inc.

WestHill Financial Advisors Inc. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,233 shares of the financial services provider’s stock after selling 83 shares during the quarter. WestHill Financial Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MMC. D.A. Davidson & CO. increased its position in Marsh & McLennan Companies by 14.4% during the second quarter. D.A. Davidson & CO. now owns 7,444 shares of the financial services provider’s stock worth $1,400,000 after purchasing an additional 937 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Marsh & McLennan Companies by 3.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,275,249 shares of the financial services provider’s stock worth $804,089,000 after buying an additional 146,147 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Marsh & McLennan Companies by 115.7% during the 2nd quarter. Penserra Capital Management LLC now owns 5,656 shares of the financial services provider’s stock valued at $1,062,000 after buying an additional 3,034 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Marsh & McLennan Companies by 5.3% in the second quarter. PNC Financial Services Group Inc. now owns 555,271 shares of the financial services provider’s stock valued at $104,435,000 after acquiring an additional 27,911 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in Marsh & McLennan Companies by 25.5% in the second quarter. Osaic Holdings Inc. now owns 109,381 shares of the financial services provider’s stock worth $15,800,000 after acquiring an additional 22,228 shares during the period. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total value of $584,700.00. Following the completion of the sale, the director now directly owns 63,012 shares of the company’s stock, valued at approximately $12,281,038.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CMO John Jude Jones sold 4,908 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $193.08, for a total transaction of $947,636.64. Following the transaction, the chief marketing officer now owns 7,978 shares of the company’s stock, valued at $1,540,392.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Oscar Fanjul sold 3,000 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total transaction of $584,700.00. Following the transaction, the director now owns 63,012 shares in the company, valued at approximately $12,281,038.80. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MMC shares. Morgan Stanley boosted their price objective on shares of Marsh & McLennan Companies from $205.00 to $215.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th. Citigroup increased their price objective on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, October 4th. They issued a “buy” rating and a $226.00 target price on the stock. StockNews.com assumed coverage on Marsh & McLennan Companies in a research report on Thursday, October 5th. They set a “buy” rating for the company. Finally, Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $196.00 to $209.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $201.38.

Marsh & McLennan Companies Stock Performance

MMC traded up $0.48 during trading on Tuesday, hitting $199.15. 271,442 shares of the stock were exchanged, compared to its average volume of 1,587,308. The firm has a market capitalization of $98.19 billion, a P/E ratio of 28.63, a PEG ratio of 2.26 and a beta of 0.97. Marsh & McLennan Companies, Inc. has a 1-year low of $151.86 and a 1-year high of $201.00. The stock has a fifty day moving average price of $193.37 and a two-hundred day moving average price of $188.20. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.02.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 19th. The financial services provider reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.18. Marsh & McLennan Companies had a net margin of 15.61% and a return on equity of 34.01%. The business had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the company posted $1.18 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 7.93 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 6th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, October 5th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.92%.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services.