Stockman Wealth Management Inc. Cuts Stake in Marsh & McLennan Companies, Inc. $MMC

Stockman Wealth Management Inc. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,045 shares of the financial services provider’s stock after selling 300 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Marsh & McLennan Companies were worth $447,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MMC. Brighton Jones LLC raised its position in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the period. Bison Wealth LLC increased its position in shares of Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Marsh & McLennan Companies by 5.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,333 shares of the financial services provider’s stock worth $10,904,000 after acquiring an additional 2,690 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Marsh & McLennan Companies by 3.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,927 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 125 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Marsh & McLennan Companies by 69.6% during the first quarter. Versant Capital Management Inc now owns 1,260 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 517 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the 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 transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MMC shares. Wolfe Research started coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Citigroup started coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target for the company. UBS Group decreased their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, July 21st. Finally, Morgan Stanley decreased their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Stock Performance

Shares of 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. The business has a 50 day moving average of $203.86 and a two-hundred day moving average of $217.71. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00. The company has a market cap of $98.13 billion, a P/E ratio of 23.93, a PEG ratio of 2.51 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS 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 the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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

Marsh & McLennan Companies Company 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.