Seeyond Sells 411 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Seeyond decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,591 shares of the financial services provider’s stock after selling 411 shares during the period. Seeyond’s holdings in Marsh & McLennan Companies were worth $1,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arkadios Wealth Advisors boosted its holdings in Marsh & McLennan Companies by 78.0% during the second quarter. Arkadios Wealth Advisors now owns 194 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 85 shares during the last quarter. Sargent Bickham Lagudis LLC acquired a new position in Marsh & McLennan Companies during the second quarter worth $29,000. Trustcore Financial Services LLC acquired a new position in Marsh & McLennan Companies during the second quarter worth $30,000. Tortoise Investment Management LLC lifted its stake in Marsh & McLennan Companies by 188.9% in the second quarter. Tortoise Investment Management LLC now owns 260 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 170 shares during the last quarter. Finally, Evoke Wealth LLC lifted its stake in Marsh & McLennan Companies by 193.5% in the first quarter. Evoke Wealth LLC now owns 364 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

NYSE:MMC traded up $2.18 during mid-day trading on Thursday, reaching $159.60. 13,770 shares of the company’s stock were exchanged, compared to its average volume of 1,816,677. Marsh & McLennan Companies, Inc. has a one year low of $102.11 and a one year high of $162.26. The firm has a market capitalization of $80.86 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94. The business’s fifty day simple moving average is $155.65 and its two-hundred day simple moving average is $143.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.30 and a current ratio of 1.30.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 22nd. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.33. Marsh & McLennan Companies had a net margin of 13.49% and a return on equity of 31.17%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period last year, the firm earned $1.32 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 6.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Friday, October 8th will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, October 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.06%.

In related news, Director Morton O. Schapiro sold 9,078 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $157.18, for a total transaction of $1,426,880.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

A number of brokerages have commented on MMC. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $164.00 price target for the company. in a research note on Tuesday, September 28th. Wolfe Research began coverage on shares of Marsh & McLennan Companies in a research note on Monday, August 16th. They issued an “outperform” rating and a $171.00 price target for the company. Bank of America increased their price target on shares of Marsh & McLennan Companies from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, October 7th. MKM Partners raised their target price on shares of Marsh & McLennan Companies from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, July 23rd. Finally, Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $133.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, July 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.16.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.

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

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