Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Zacks Investment Management

Zacks Investment Management reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,562 shares of the financial services provider’s stock after selling 769 shares during the quarter. Zacks Investment Management’s holdings in Marsh & McLennan Companies were worth $12,824,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Carillon Tower Advisers Inc. acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $63,852,000. Fosun International Ltd acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $206,000. Buckingham Asset Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 27.7% in the second quarter. Buckingham Asset Management LLC now owns 3,918 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 850 shares during the period. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $1,969,000. Finally, Scout Investments Inc. acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $93,139,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE MMC traded down $0.57 during mid-day trading on Tuesday, hitting $100.55. 935,467 shares of the company were exchanged, compared to its average volume of 1,476,109. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of $98.94 and a 200-day simple moving average of $97.07. Marsh & McLennan Companies, Inc. has a 1-year low of $74.30 and a 1-year high of $103.36. The firm has a market cap of $51.09 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.80 and a beta of 0.76.



Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.05. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 9.45%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.84%.

MMC has been the subject of several research analyst reports. UBS Group increased their price objective on Marsh & McLennan Companies from $98.00 to $102.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. ValuEngine downgraded Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Marsh & McLennan Companies from a “hold” rating to a “sell” rating and set a $105.00 price target for the company. in a report on Monday, July 1st. Keefe, Bruyette & Woods downgraded Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $100.00 to $99.00 in a report on Wednesday, June 12th. Finally, Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $98.50.

Marsh & McLennan Companies 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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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