Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,489 shares of the financial services provider’s stock after selling 3,564 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Marsh & McLennan Companies were worth $8,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $25,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $27,000. Sachetta LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $29,000. Clear Investment Research LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $33,000. Finally, Crewe Advisors LLC grew its position in 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 acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MMC. Barclays started coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Bank of America lifted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $215.53.

Marsh & McLennan Companies Trading Down 1.3 %

Shares of NYSE:MMC opened at $228.07 on Wednesday. The company has a market cap of $112.38 billion, a PE ratio of 28.94, a P/E/G ratio of 3.20 and a beta of 0.94. The company’s 50 day moving average is $222.83 and its two-hundred day moving average is $211.96. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the firm earned $2.20 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were issued a dividend of $0.815 per share. The ex-dividend date was Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

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.