Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Nwam LLC

Nwam LLC cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,626 shares of the financial services provider’s stock after selling 151 shares during the quarter. Nwam LLC’s holdings in Marsh & McLennan Companies were worth $306,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised 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 worth $14,095,813,000 after purchasing an additional 74,873,326 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Marsh & McLennan Companies by 0.7% in the first quarter. BlackRock Inc. now owns 43,450,484 shares of the financial services provider’s stock worth $7,236,678,000 after acquiring an additional 310,250 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 105,777.7% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Marsh & McLennan Companies by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,632,763 shares of the financial services provider’s stock valued at $1,604,338,000 after acquiring an additional 444,685 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Marsh & McLennan Companies by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 8,138,055 shares of the financial services provider’s stock valued at $1,355,352,000 after purchasing an additional 525,596 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MMC shares. Citigroup boosted their price objective 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. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $196.00 to $209.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. StockNews.com began coverage on Marsh & McLennan Companies in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $195.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Friday, October 20th. Finally, Raymond James upped their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $201.38.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 3,000 shares of the business’s stock in a transaction 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 owns 63,012 shares in the company, valued at approximately $12,281,038.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO John Jude Jones sold 4,908 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $193.08, for a total value of $947,636.64. Following the sale, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at $1,540,392.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Oscar Fanjul sold 3,000 shares of the firm’s stock in a transaction 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 directly owns 63,012 shares of the company’s stock, valued at $12,281,038.80. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of Marsh & McLennan Companies stock opened at $197.86 on Friday. The company has a fifty day moving average price of $193.31 and a 200 day moving average price of $187.98. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.02. Marsh & McLennan Companies, Inc. has a twelve month low of $151.86 and a twelve month high of $201.00. The stock has a market cap of $97.56 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 6th were paid a $0.71 dividend. The ex-dividend date was Thursday, October 5th. This represents a $2.84 annualized dividend and a dividend yield of 1.44%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.92%.

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.