Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,143 shares of the financial services provider’s stock after selling 119 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Marsh & McLennan Companies were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MMC. Indiana Trust & Investment Management CO purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth $27,000. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $26,000. Sachetta LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $29,000. Finally, Crewe Advisors LLC increased its position in Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Insiders have sold 27,735 shares of company stock valued at $6,151,377 over the last three months. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MMC shares. Bank of America upped their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $214.25.

Marsh & McLennan Companies Trading Up 0.2 %

MMC stock traded up $0.45 during trading on Friday, reaching $227.51. 1,741,145 shares of the stock traded hands, compared to its average volume of 1,656,293. The business’s 50 day moving average price is $218.71 and its 200-day moving average price is $209.48. The firm has a market capitalization of $112.10 billion, a PE ratio of 28.87, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $228.47.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Marsh & McLennan Companies 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.