Marsh & McLennan Companies, Inc. $MMC Shares Sold by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,271 shares of the financial services provider’s stock after selling 820 shares during the quarter. Marsh & McLennan Companies makes up approximately 1.7% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 15th biggest position. Ipswich Investment Management Co. Inc.’s holdings in Marsh & McLennan Companies were worth $7,056,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parisi Gray Wealth Management acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at about $947,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Marsh & McLennan Companies by 101.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after buying an additional 52,218 shares in the last quarter. LPL Financial LLC grew its position in shares of Marsh & McLennan Companies by 9.9% during the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after buying an additional 29,247 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 101.4% during the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 3,593 shares in the last quarter. Finally, US Asset Management LLC grew its position in shares of Marsh & McLennan Companies by 23.1% during the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after buying an additional 1,284 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

MMC stock opened at $199.60 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.01 and a fifty-two week high of $248.00. The business has a 50 day moving average price of $203.86 and a 200 day moving average price of $217.79. The stock has a market cap of $98.13 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.49 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group lowered their price objective on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Citigroup assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective for the company. Barclays lowered their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Wolfe Research began coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research note on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.