Wellington Management Group LLP Sells 136,508 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wellington Management Group LLP trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,554,045 shares of the financial services provider’s stock after selling 136,508 shares during the quarter. Wellington Management Group LLP owned 2.94% of Marsh & McLennan Companies worth $2,423,976,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $25,000. Institutional & Family Asset Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $27,000. Ridgewood Investments LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $32,000. Tradewinds Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 471.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 165 shares during the period. Finally, FNY Investment Advisers LLC lifted its position in shares of Marsh & McLennan Companies by 94.2% during the 1st quarter. FNY Investment Advisers LLC now owns 233 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 113 shares during the period. 86.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $202.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, July 21st. Citigroup raised their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a research report on Monday, July 24th. BMO Capital Markets upped their price objective on shares of Marsh & McLennan Companies from $168.00 to $192.00 in a research report on Monday, May 15th. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $182.00 to $197.00 in a research note on Thursday, July 6th. Finally, Raymond James increased their price objective on shares of Marsh & McLennan Companies from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $193.23.

Marsh & McLennan Companies Stock Performance

MMC traded down $0.42 on Wednesday, hitting $196.19. The company’s stock had a trading volume of 749,517 shares, compared to its average volume of 1,609,229. The company’s 50 day simple moving average is $188.68 and its 200-day simple moving average is $177.22. The firm has a market cap of $96.91 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 2.41 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $148.11 and a 12 month high of $197.79. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.84.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.12 by $0.08. Marsh & McLennan Companies had a net margin of 15.20% and a return on equity of 33.69%. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period last year, the firm earned $1.89 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 7.71 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Thursday, July 27th were issued a $0.71 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $2.84 annualized dividend and a dividend yield of 1.45%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.59. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.36%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 70,106 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $185.53, for a total transaction of $13,006,766.18. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at $6,248,279.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark C. Mcgivney sold 70,106 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $185.53, for a total value of $13,006,766.18. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $6,248,279.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dean Michael Klisura sold 12,976 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $192.20, for a total value of $2,493,987.20. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,023,707. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

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 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.