Brentview Investment Management LLC Sells 293 Shares of Marsh & McLennan Companies, Inc. $MMC

Brentview Investment Management LLC trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,703 shares of the financial services provider’s stock after selling 293 shares during the quarter. Marsh & McLennan Companies comprises approximately 2.0% of Brentview Investment Management LLC’s investment portfolio, making the stock its 28th biggest position. Brentview Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $3,871,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC raised its holdings in Marsh & McLennan Companies by 225.1% in the 2nd quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock valued at $229,803,000 after acquiring an additional 727,714 shares during the period. Vanguard Group Inc. increased its stake in shares of Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after purchasing an additional 837,117 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Marsh & McLennan Companies by 18.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after purchasing an additional 34,400 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Marsh & McLennan Companies by 48,212.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after purchasing an additional 2,623,745 shares during the period. Finally, Shell Asset Management Co. increased its position in Marsh & McLennan Companies by 48.6% during the 2nd quarter. Shell Asset Management Co. now owns 8,577 shares of the financial services provider’s stock worth $1,875,000 after buying an additional 2,806 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.4%

MMC opened at $183.51 on Monday. The company has a market cap of $89.90 billion, a P/E ratio of 22.00, a PEG ratio of 2.25 and a beta of 0.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The company’s 50 day moving average is $189.42 and its 200-day moving average is $204.62. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 EPS. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Buying and Selling

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. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several research reports. Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and dropped their price target for the company from $209.00 to $191.00 in a research report on Friday, October 17th. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $248.00 to $242.00 in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada began coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price for the company. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $224.56.

About Marsh & McLennan Companies

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.