Vontobel Holding Ltd. Sells 2,863 Shares of Marsh & McLennan Companies, Inc. $MMC

Vontobel Holding Ltd. lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% during the second quarter, HoldingsChannel reports. The firm owned 44,592 shares of the financial services provider’s stock after selling 2,863 shares during the quarter. Vontobel Holding Ltd.’s holdings in Marsh & McLennan Companies were worth $9,750,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MMC. Accent Capital Management LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $28,000. Activest Wealth Management raised its stake in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Capital Analysts LLC raised its stake in Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 64 shares during the period. Finally, Garde Capital Inc. bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $42,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $205.97 on Friday. The stock’s 50-day simple moving average is $203.11 and its 200 day simple moving average is $215.93. The firm has a market capitalization of $101.26 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. 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 released its quarterly earnings data 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 business had revenue of $6.97 billion for the quarter, compared to analyst estimates 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 revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $2.41 earnings per share. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Analyst Ratings Changes

A number of research firms recently weighed in on MMC. Citigroup began coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target on the stock. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods lowered their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, July 21st. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, UBS Group lowered their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $237.13.

Marsh & McLennan Companies Company Profile

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.