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Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Forsta AP Fonden

Marsh & McLennan Companies logo with Finance background

Key Points

  • Forsta AP Fonden reduced its stake in Marsh & McLennan Companies by 1.9%, selling 2,900 shares and leaving them with 147,600 shares valued at $36 million.
  • The firm reported earnings per share of $2.72 for the last quarter, exceeding analyst expectations of $2.66, with a revenue of $6.97 billion.
  • Marsh & McLennan announced an increase in its dividend from $0.82 to $0.90 per share, representing a yield of 1.8% and a payout ratio of 43.17%.
  • Want stock alerts on Marsh & McLennan Companies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Forsta AP Fonden decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,600 shares of the financial services provider's stock after selling 2,900 shares during the period. Forsta AP Fonden's holdings in Marsh & McLennan Companies were worth $36,019,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Parisi Gray Wealth Management purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $947,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Marsh & McLennan Companies by 101.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock valued at $25,270,000 after purchasing an additional 52,218 shares during the period. LPL Financial LLC raised its position in shares of Marsh & McLennan Companies by 9.9% in the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider's stock valued at $78,662,000 after buying an additional 29,247 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Marsh & McLennan Companies by 101.4% during the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider's stock worth $1,741,000 after acquiring an additional 3,593 shares during the period. Finally, US Asset Management LLC grew its stake in Marsh & McLennan Companies by 23.1% in the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider's stock valued at $1,671,000 after buying an additional 1,284 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MMC. Keefe, Bruyette & Woods lowered their price objective on shares of 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 dropped their price objective on shares of 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. Barclays reduced 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. Finally, UBS Group cut their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus price target of $239.79.

View Our Latest Report on MMC

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded up $0.39 on Friday, reaching $203.70. The company's stock had a trading volume of 2,219,215 shares, compared to its average volume of 2,901,012. The stock has a market capitalization of $100.14 billion, a P/E ratio of 24.42, a PEG ratio of 2.47 and a beta of 0.77. Marsh & McLennan Companies, Inc. has a 52-week low of $196.27 and a 52-week high of $248.00. The stock's 50-day moving average is $213.73 and its two-hundred day moving average is $223.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the previous year, the company posted $2.41 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

Marsh & McLennan Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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