World Investment Advisors Sells 1,137 Shares of Marsh & McLennan Companies, Inc. $MMC

World Investment Advisors cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,731 shares of the financial services provider’s stock after selling 1,137 shares during the period. World Investment Advisors’ holdings in Marsh & McLennan Companies were worth $4,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MMC. Accent Capital Management LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at about $28,000. Activest Wealth Management increased its position in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Capital Analysts LLC increased its position in Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after buying an additional 64 shares in the last quarter. Finally, Clean Yield Group increased its position in Marsh & McLennan Companies by 114.4% in the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock valued at $42,000 after buying an additional 103 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other 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 transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $178.43 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $178.31 and a twelve month high of $248.00. The stock’s 50 day moving average price is $198.93 and its 200-day moving average price is $211.32. The company has a market capitalization of $87.41 billion, a PE ratio of 21.39, a PEG ratio of 2.25 and a beta of 0.81. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the business earned $1.63 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MMC shares. Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price target for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and cut their price target for the company from $209.00 to $191.00 in a research note on Friday, October 17th. Finally, Evercore ISI cut their price target on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $234.07.

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.