Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,094 shares of the financial services provider’s stock after selling 3,886 shares during the period. SVB Wealth LLC’s holdings in Marsh & McLennan Companies were worth $19,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Marsh & McLennan Companies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after buying an additional 119,236 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after acquiring an additional 380,828 shares in the last quarter. Norges Bank bought a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $1,048,077,000. Parnassus Investments LLC lifted its position in Marsh & McLennan Companies by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after purchasing an additional 11,459 shares during the period. Finally, UBS Group AG boosted its stake in Marsh & McLennan Companies by 9.6% during the 4th quarter. UBS Group AG now owns 3,474,995 shares of the financial services provider’s stock valued at $658,407,000 after purchasing an additional 305,440 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.3 %

Shares of NYSE MMC traded down $0.61 during mid-day trading on Friday, reaching $227.85. The company had a trading volume of 1,657,605 shares, compared to its average volume of 1,655,252. The stock has a fifty day moving average of $220.38 and a two-hundred day moving average of $210.51. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The company has a market capitalization of $112.27 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the business posted $2.20 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were paid a dividend of $0.815 per share. The ex-dividend date was Thursday, July 25th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MMC. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Bank of America raised their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Barclays initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday. They issued an “equal weight” rating and a $236.00 target price on the stock. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $215.53.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the sale, the director now owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,735 shares of company stock valued at $6,151,377. 0.30% of the stock is owned by corporate insiders.

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.