My Legacy Advisors LLC Reduces Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

My Legacy Advisors LLC reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,455 shares of the financial services provider’s stock after selling 204 shares during the quarter. My Legacy Advisors LLC’s holdings in Marsh & McLennan Companies were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter worth $27,000. Crewe Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in Marsh & McLennan Companies during the first quarter valued at $35,000. Finally, Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies during the second quarter valued at $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Down 0.3 %

Shares of NYSE MMC traded down $0.57 during midday trading on Tuesday, hitting $221.49. The stock had a trading volume of 486,020 shares, compared to its average volume of 1,664,618. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a market cap of $109.13 billion, a P/E ratio of 28.09, a PEG ratio of 3.58 and a beta of 0.94. The business’s 50 day moving average is $225.37 and its 200-day moving average is $215.22.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MMC shares. BMO Capital Markets upped their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday. Roth Mkm raised their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.33.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Stacy Mills sold 4,101 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,566 shares of company stock worth $4,420,137. Corporate insiders own 0.30% of the company’s stock.

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.