Douglas Lane & Associates LLC Has $1.02 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Douglas Lane & Associates LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,833 shares of the financial services provider’s stock after selling 64 shares during the period. Douglas Lane & Associates LLC’s holdings in Marsh & McLennan Companies were worth $1,018,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MMC. Valley National Advisers Inc. grew its holdings in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the first quarter worth approximately $25,000. Private Wealth Management Group LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $27,000. Finally, Sachetta LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $29,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,904 shares of company stock valued at $6,607,149. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $0.86 during mid-day trading on Tuesday, reaching $217.15. 1,411,781 shares of the company’s stock were exchanged, compared to its average volume of 1,695,374. The firm has a market capitalization of $107.00 billion, a PE ratio of 27.56, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The business’s fifty day simple moving average is $213.69 and its 200 day simple moving average is $206.04. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $227.63.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be paid a $0.815 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, July 25th. This represents a $3.26 annualized dividend and a yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Analysts Set New Price Targets

Several research firms have weighed in on MMC. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Bank of America upped their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. TD Cowen raised their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Finally, UBS Group boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $214.25.

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 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.