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

Cahaba Wealth Management Inc. trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,753 shares of the financial services provider’s stock after selling 59 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Marsh & McLennan Companies were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MMC. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $27,000. Sachetta LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $29,000. Finally, Clear Investment Research LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $33,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $227.85 on Friday. The firm has a fifty day simple moving average of $220.38 and a 200-day simple moving average of $210.51. The company has a market capitalization of $112.27 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 3.17 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the firm earned $2.20 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced 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. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The shares were 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 of the company’s stock, valued at $7,625,035.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stacy Mills sold 4,101 shares of the firm’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 transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,735 shares of company stock valued at $6,151,377. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MMC has been the subject of several analyst reports. Bank of America upped their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday. They set an “equal weight” rating and a $236.00 price target on the stock. Roth Mkm boosted their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $215.53.

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 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.