WestHill Financial Advisors Inc. Sells 1,065 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

WestHill Financial Advisors Inc. lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 33.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,098 shares of the financial services provider’s stock after selling 1,065 shares during the quarter. WestHill Financial Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $442,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Parnassus Investments LLC raised its stake in shares of Marsh & McLennan Companies by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after acquiring an additional 11,459 shares during the last quarter. Veritas Investment Partners UK Ltd. boosted its stake in Marsh & McLennan Companies by 16.9% in the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock worth $266,134,000 after purchasing an additional 203,017 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Marsh & McLennan Companies by 12.4% in the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after buying an additional 100,378 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $3,465,000. Finally, Kinsale Capital Group Inc. grew its holdings in Marsh & McLennan Companies by 26.8% during the 1st quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider’s stock worth $3,882,000 after acquiring an additional 3,984 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.3 %

NYSE MMC traded up $0.66 during trading on Friday, reaching $221.91. 1,498,937 shares of the stock traded hands, compared to its average volume of 1,694,524. The stock’s 50-day moving average price is $215.97 and its 200 day moving average price is $207.47. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $109.34 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $227.63.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. In the last three months, insiders sold 27,735 shares of company stock worth $6,151,377. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MMC shares. Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. UBS Group increased their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Bank of America boosted their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. TD Cowen raised their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, Roth Mkm boosted their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $214.25.

Marsh & McLennan Companies Company Profile

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 through Risk and Insurance Services, and Consulting segments. 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.