Dai ichi Life Insurance Company Ltd Sells 14,887 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dai ichi Life Insurance Company Ltd lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,089 shares of the financial services provider’s stock after selling 14,887 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Marsh & McLennan Companies were worth $22,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMC. Carmichael Hill & Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth about $31,000. Crewe Advisors LLC lifted 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 valued at $34,000 after purchasing an additional 80 shares during the period. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $41,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $41,000. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $230.71 on Tuesday. The firm has a market cap of $113.31 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day moving average price is $223.66 and its 200-day moving average price is $219.11. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the company earned $1.57 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were given a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods upped their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Roth Mkm raised their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, BMO Capital Markets increased their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $227.60.

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.