Dumont & Blake Investment Advisors LLC trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 50.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,829 shares of the financial services provider’s stock after selling 9,931 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,193,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Kingfisher Capital LLC boosted its position in shares of Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 47 shares in the last quarter. Drive Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 3.7% in the second quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock valued at $291,000 after buying an additional 49 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after buying an additional 49 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Marsh & McLennan Companies by 0.6% during the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock worth $1,887,000 after purchasing an additional 51 shares during the last quarter. Finally, X Square Capital LLC boosted its position in shares of Marsh & McLennan Companies by 1.8% during the 2nd quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock valued at $623,000 after acquiring an additional 51 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Marsh & McLennan Companies
In other news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,566 shares of company stock valued at $4,420,137. Company insiders own 0.30% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Price Performance
Marsh & McLennan Companies stock traded down $0.30 during trading hours on Friday, hitting $222.18. The stock had a trading volume of 63,000 shares, compared to its average volume of 1,677,139. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average is $225.51 and its two-hundred day moving average is $215.39. The stock has a market capitalization of $109.12 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.33 and a beta of 0.94.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the company earned $1.57 EPS. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. As a group, analysts predict 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. Shareholders of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.
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.
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