Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Choreo LLC

Choreo LLC trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,595 shares of the financial services provider's stock after selling 1,473 shares during the quarter. Choreo LLC's holdings in Marsh & McLennan Companies were worth $3,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Defined Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 1.5% during the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock worth $780,000 after buying an additional 47 shares during the last quarter. IFP Advisors Inc increased its position in Marsh & McLennan Companies by 0.6% during the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock valued at $1,825,000 after purchasing an additional 47 shares during the period. Opus Capital Group LLC boosted its stake in Marsh & McLennan Companies by 2.6% in the 1st quarter. Opus Capital Group LLC now owns 1,926 shares of the financial services provider's stock worth $470,000 after purchasing an additional 48 shares in the last quarter. Court Place Advisors LLC lifted its stake in Marsh & McLennan Companies by 4.0% during the 1st quarter. Court Place Advisors LLC now owns 1,248 shares of the financial services provider's stock valued at $305,000 after acquiring an additional 48 shares during the period. Finally, DF Dent & Co. Inc. increased its holdings in Marsh & McLennan Companies by 0.9% in the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock worth $1,224,000 after acquiring an additional 49 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, July 21st. Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. UBS Group dropped their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, Barclays lowered their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $239.79.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded up $2.07 during trading hours on Friday, hitting $210.39. 2,290,058 shares of the company's stock were exchanged, compared to its average volume of 2,449,143. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market cap of $103.43 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.53 and a beta of 0.80. The firm has a 50 day moving average of $219.49 and a two-hundred day moving average of $224.61. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. Marsh & McLennan Companies's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business posted $2.41 EPS. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be paid a $0.90 dividend. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 43.17%.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.