Mn Services Vermogensbeheer B.V. Lowers Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mn Services Vermogensbeheer B.V. decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 194,888 shares of the financial services provider’s stock after selling 4,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Marsh & McLennan Companies were worth $41,067,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MMC. RWA Wealth Partners LLC increased its holdings in shares of Marsh & McLennan Companies by 153.5% in the 4th quarter. RWA Wealth Partners LLC now owns 7,861 shares of the financial services provider’s stock worth $1,489,000 after buying an additional 4,760 shares during the last quarter. SlateStone Wealth LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $223,000. GAMMA Investing LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $347,000. Hartline Investment Corp increased its holdings in shares of Marsh & McLennan Companies by 0.8% in the 4th quarter. Hartline Investment Corp now owns 18,128 shares of the financial services provider’s stock worth $3,435,000 after buying an additional 136 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Marsh & McLennan Companies by 3.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,311 shares of the financial services provider’s stock worth $1,196,000 after buying an additional 239 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,735 shares of company stock valued at $6,151,377. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America increased 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. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $214.25.

Marsh & McLennan Companies Trading Down 1.0 %

Shares of NYSE:MMC traded down $2.15 on Friday, hitting $223.32. The company had a trading volume of 1,051,957 shares, compared to its average volume of 1,672,724. The firm’s 50-day simple moving average is $217.41 and its two-hundred day simple moving average is $208.54. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $227.63. 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 capitalization of $110.04 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the company posted $2.20 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. 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 (DPR) is currently 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.