Meridiem Investment Management Ltd. Sells 24,620 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Meridiem Investment Management Ltd. decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,436,005 shares of the financial services provider’s stock after selling 24,620 shares during the quarter. Marsh & McLennan Companies comprises 5.7% of Meridiem Investment Management Ltd.’s investment portfolio, making the stock its 6th largest holding. Meridiem Investment Management Ltd.’s holdings in Marsh & McLennan Companies were worth $320,363,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the first quarter worth $27,000. Crewe Advisors LLC raised its holdings in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after buying an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 712.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MMC traded down $2.26 during trading on Friday, reaching $224.66. 1,980,400 shares of the company’s stock were exchanged, compared to its average volume of 1,671,268. The company has a market capitalization of $110.70 billion, a P/E ratio of 28.51, a PEG ratio of 3.58 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average price of $225.28 and a 200 day moving average price of $214.91. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday. Wells Fargo & Company decreased 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. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday. Barclays initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Finally, Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $220.13.

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.