Personal CFO Solutions LLC Reduces Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Personal CFO Solutions LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 62.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307 shares of the financial services provider’s stock after selling 2,136 shares during the quarter. Personal CFO Solutions LLC’s holdings in Marsh & McLennan Companies were worth $246,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MMC. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Marsh & McLennan Companies by 103,259.3% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 74,945,836 shares of the financial services provider’s stock valued at $14,095,813,000 after acquiring an additional 74,873,326 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 105,777.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock valued at $1,617,156,000 after acquiring an additional 9,763,286 shares during the last quarter. Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $659,049,000. Morgan Stanley boosted its position in shares of Marsh & McLennan Companies by 49.2% during the 4th quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock valued at $1,041,503,000 after acquiring an additional 2,075,928 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $303,203,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.4 %

MMC stock opened at $198.67 on Tuesday. The company’s 50 day moving average price is $193.37 and its 200 day moving average price is $188.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.08 and a current ratio of 1.08. Marsh & McLennan Companies, Inc. has a fifty-two week low of $151.86 and a fifty-two week high of $201.00. The firm has a market capitalization of $97.96 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 2.26 and a beta of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 19th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.22 billion. Marsh & McLennan Companies had a net margin of 15.61% and a return on equity of 34.01%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 earnings per share. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.93 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 6th were paid a $0.71 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.84 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.92%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total value of $584,700.00. Following the transaction, the director now directly owns 63,012 shares in the company, valued at $12,281,038.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO John Jude Jones sold 4,908 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $193.08, for a total transaction of $947,636.64. Following the transaction, the chief marketing officer now directly owns 7,978 shares in the company, valued at $1,540,392.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Oscar Fanjul sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total transaction of $584,700.00. Following the transaction, the director now owns 63,012 shares in the company, valued at $12,281,038.80. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $195.00 to $200.00 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Raymond James upped their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, October 4th. They issued a “buy” rating and a $226.00 target price on the stock. Citigroup upped their target price on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $196.00 to $209.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $201.38.

About Marsh & McLennan Companies

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 and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services.