Royal London Asset Management Ltd. reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 206,183 shares of the financial services provider’s stock after selling 941 shares during the period. Royal London Asset Management Ltd.’s holdings in Marsh & McLennan Companies were worth $43,447,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Gryphon Financial Partners LLC lifted its position in Marsh & McLennan Companies by 6.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,127 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 67 shares during the period. AGF Management Ltd. acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $2,953,000. Avantax Advisory Services Inc. raised its position in Marsh & McLennan Companies by 22.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,912 shares of the financial services provider’s stock worth $2,257,000 after buying an additional 2,148 shares during the last quarter. First United Bank & Trust purchased a new position in Marsh & McLennan Companies during the 4th quarter worth $43,000. Finally, Quotient Wealth Partners LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $361,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,735 shares of company stock valued at $6,151,377. Insiders own 0.30% of the company’s stock.
Marsh & McLennan Companies Price Performance
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the company earned $2.20 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.
Marsh & McLennan Companies Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were paid a dividend of $0.815 per share. The ex-dividend date was Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.
Analyst Ratings Changes
Several research firms recently issued reports on MMC. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Barclays started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. Finally, Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $215.53.
Get Our Latest Report on Marsh & McLennan Companies
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.
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