HB Wealth Management LLC Sells 1,716 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• HB Wealth Management LLC has reduced its stake in Marsh & McLennan Companies, Inc. by 10.8%, selling 1,716 shares, and now holds 14,111 shares valued at approximately $3.08 million.
• CEO John Q. Doyle sold 21,079 shares at an average price of $205.65, reducing his ownership by 19.38% and retaining 87,681 shares valued at approximately $18 million.
• The company recently announced a quarterly dividend of $0.90, which represents an annualized dividend of $3.60 and a yield of 1.8%, with a dividend payout ratio of 43.17%.

HB Wealth Management LLC cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,111 shares of the financial services provider's stock after selling 1,716 shares during the quarter. HB Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $3,085,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of Marsh & McLennan Companies by 35.9% in the second quarter. Janney Montgomery Scott LLC now owns 149,864 shares of the financial services provider's stock valued at $32,766,000 after buying an additional 39,549 shares during the period. Venture Visionary Partners LLC raised its stake in shares of Marsh & McLennan Companies by 9.1% in the second quarter. Venture Visionary Partners LLC now owns 6,685 shares of the financial services provider's stock valued at $1,462,000 after buying an additional 558 shares during the period. Moss Adams Wealth Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 10.3% in the second quarter. Moss Adams Wealth Advisors LLC now owns 1,158 shares of the financial services provider's stock valued at $253,000 after buying an additional 108 shares during the period. GC Wealth Management RIA LLC raised its stake in shares of Marsh & McLennan Companies by 294.9% in the second quarter. GC Wealth Management RIA LLC now owns 3,759 shares of the financial services provider's stock valued at $822,000 after buying an additional 2,807 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of Marsh & McLennan Companies by 1,218.5% in the second quarter. Sound Income Strategies LLC now owns 356 shares of the financial services provider's stock valued at $78,000 after buying an additional 329 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $201.41 on Thursday. The firm has a market capitalization of $99.02 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.53 and a beta of 0.81. 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 stock's 50-day simple moving average is $203.32 and its two-hundred day simple moving average is $217.18. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.41 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

Wall Street Analysts Forecast Growth

MMC has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research report on Friday, July 18th. Wolfe Research initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a "peer perform" rating for the company. UBS Group reduced their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Keefe, Bruyette & Woods reduced their price target 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. Finally, Barclays reduced their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $238.76.

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.

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