Marsh & McLennan Companies, Inc. $MMC Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 37.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,343 shares of the financial services provider’s stock after selling 8,596 shares during the quarter. 1832 Asset Management L.P.’s holdings in Marsh & McLennan Companies were worth $3,136,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $1,328,587,000. Wellington Management Group LLP lifted its holdings in Marsh & McLennan Companies by 54.2% in the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares during the period. Nuveen LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth $1,038,594,000. Valeo Financial Advisors LLC increased its holdings in shares of 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 in the last quarter. Finally, Soundwatch Capital LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at about $560,820,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $181.77 on Friday. The stock has a market capitalization of $89.05 billion, a P/E ratio of 21.80, a P/E/G ratio of 3.15 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s 50-day moving average is $187.91 and its two-hundred day moving average is $203.35.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MMC shares. Evercore ISI dropped their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Barclays raised Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $221.00 to $206.00 in a report on Thursday, November 20th. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $248.00 to $242.00 in a research report on Thursday, October 9th. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price objective for the stock from $209.00 to $191.00 in a research report on Friday, October 17th. Finally, TD Cowen dropped their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $223.00.

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.