Douglas Lane & Associates LLC Decreases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Douglas Lane & Associates LLC reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,833 shares of the financial services provider’s stock after selling 64 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Marsh & McLennan Companies were worth $1,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Westover Capital Advisors LLC raised its position in shares of Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 53 shares in the last quarter. Evoke Wealth LLC lifted its position in shares of Marsh & McLennan Companies by 4.4% during the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after buying an additional 53 shares during the last quarter. RDA Financial Network grew its position in shares of Marsh & McLennan Companies by 3.1% in the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after buying an additional 53 shares during the last quarter. Optas LLC lifted its position in Marsh & McLennan Companies by 2.9% during the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 53 shares during the last quarter. Finally, Strategic Blueprint LLC grew its holdings in Marsh & McLennan Companies by 1.6% in the first quarter. Strategic Blueprint LLC now owns 3,411 shares of the financial services provider’s stock worth $703,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Morgan Stanley upped their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $214.25.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded up $0.86 during trading hours on Tuesday, reaching $217.15. The company had a trading volume of 1,411,781 shares, compared to its average volume of 1,695,374. The firm has a market cap of $107.00 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $227.63. The business’s 50 day moving average price is $213.69 and its 200-day moving average price is $206.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 earnings per share. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be issued a $0.815 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,904 shares of company stock worth $6,607,149. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Company 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.