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

Jensen Investment Management Inc. cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,050,831 shares of the financial services provider’s stock after selling 175,427 shares during the quarter. Marsh & McLennan Companies accounts for 5.7% of Jensen Investment Management Inc.’s portfolio, making the stock its 4th biggest holding. Jensen Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $680,610,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $27,000. Carmichael Hill & Associates Inc. grew its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Crewe Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 1.0 %

Shares of MMC traded up $2.18 on Friday, hitting $225.36. 2,395,777 shares of the stock traded hands, compared to its average volume of 1,808,196. The company has a market capitalization of $110.68 billion, a PE ratio of 27.75, a P/E/G ratio of 3.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day simple moving average of $224.83 and a 200 day simple moving average of $217.18. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Analysts Set New Price Targets

MMC has been the subject of a number of analyst reports. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $225.33.

Marsh & McLennan Companies 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.