New England Capital Financial Advisors LLC Sells 57 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

New England Capital Financial Advisors LLC lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 456 shares of the financial services provider’s stock after selling 57 shares during the period. New England Capital Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $96,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Westover Capital Advisors LLC lifted its stake 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 valued at $349,000 after acquiring an additional 53 shares during the last quarter. Evoke Wealth LLC boosted its holdings in Marsh & McLennan Companies by 4.4% during the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 53 shares during the period. RDA Financial Network raised its holdings in Marsh & McLennan Companies by 3.1% during the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after buying an additional 53 shares during the last quarter. Optas LLC grew its holdings in Marsh & McLennan Companies by 2.9% in the 1st quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 53 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich increased its position in shares of Marsh & McLennan Companies by 0.9% in the second quarter. Lester Murray Antman dba SimplyRich now owns 5,827 shares of the financial services provider’s stock valued at $1,227,000 after acquiring an additional 53 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MMC shares. Bank of America raised their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Roth Mkm upped their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Royal Bank of Canada boosted their price objective on shares of 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $214.25.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of Marsh & McLennan Companies stock traded up $0.44 during midday trading on Friday, hitting $227.50. The company had a trading volume of 1,741,125 shares, compared to its average volume of 1,656,293. The company has a 50 day moving average of $218.44 and a 200 day moving average of $209.26. The stock has a market capitalization of $112.09 billion, a P/E ratio of 28.87, a P/E/G ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $228.47. 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 quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $2.20 earnings per share. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

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

Insider Activity at Marsh & McLennan Companies

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