Marsh & McLennan Companies, Inc. $MMC Stock Position Reduced by Prossimo Advisors LLC

Prossimo Advisors LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,470 shares of the financial services provider’s stock after selling 469 shares during the quarter. Prossimo Advisors LLC’s holdings in Marsh & McLennan Companies were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Accent Capital Management LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at about $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management increased its position in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after buying an additional 111 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 109 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings 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 worth $41,000 after purchasing an additional 64 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.4%

MMC stock opened at $183.51 on Monday. The firm has a market cap of $89.90 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.25 and a beta of 0.78. The business’s 50 day moving average is $189.42 and its 200-day moving average is $204.62. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate 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 company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MMC shares. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $209.00 to $191.00 in a research note on Friday, October 17th. Barclays upgraded Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $221.00 to $206.00 in a report on Thursday, November 20th. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Finally, Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $224.56.

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.