Axa S.A. Sells 7,842 Shares of Marsh & McLennan Companies, Inc. $MMC

Axa S.A. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,785 shares of the financial services provider’s stock after selling 7,842 shares during the period. Axa S.A.’s holdings in Marsh & McLennan Companies were worth $41,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MMC. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies in the first quarter worth $28,000. Activest Wealth Management boosted its position in shares of Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after buying an additional 111 shares during the last quarter. Westside Investment Management Inc. raised its position in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the last quarter. Access Investment Management LLC bought a new position in Marsh & McLennan Companies during the 2nd quarter valued at about $39,000. Finally, Capital Analysts LLC boosted its holdings in shares of Marsh & McLennan Companies by 61.0% during 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 last quarter. 87.99% of the stock is owned by institutional investors.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’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 transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. TD Cowen cut their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price on the stock. UBS Group cut their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $209.00 to $191.00 in a research report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $223.00.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $181.10 on Wednesday. The company has a market capitalization of $88.72 billion, a P/E ratio of 21.71, a P/E/G ratio of 3.12 and a beta of 0.75. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The firm’s 50 day simple moving average is $187.13 and its two-hundred day simple moving average is $202.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the company earned $1.63 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were issued a dividend of $0.90 per share. 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 (DPR) is 43.17%.

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.