Fidelis Capital Partners LLC Trims Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fidelis Capital Partners LLC lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,759 shares of the financial services provider’s stock after selling 93 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,511,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MMC. Valeo Financial Advisors LLC lifted its position in Marsh & McLennan Companies by 4.3% in the first quarter. Valeo Financial Advisors LLC now owns 5,175 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 214 shares during the last quarter. Norden Group LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $918,000. First Trust Direct Indexing L.P. increased its holdings in Marsh & McLennan Companies by 7.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,261 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 739 shares during the last quarter. Marshall Financial Group LLC raised its position in Marsh & McLennan Companies by 10.9% in the first quarter. Marshall Financial Group LLC now owns 4,428 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 435 shares during the period. Finally, Horizon Bancorp Inc. IN boosted its position in shares of Marsh & McLennan Companies by 23.0% during the first quarter. Horizon Bancorp Inc. IN now owns 798 shares of the financial services provider’s stock worth $164,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $221.69 on Wednesday. The stock has a market cap of $109.23 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 3.33 and a beta of 0.94. The company has a fifty day simple moving average of $225.45 and a 200-day simple moving average of $216.07. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $232.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the company earned $1.57 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MMC. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Bank of America increased their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $225.33.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were 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 directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,566 shares of company stock valued at $4,420,137 over the last ninety days. Insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

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.