Marsh & McLennan Companies, Inc. $MMC Shares Sold by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC has reduced its stake in Marsh & McLennan Companies by 54.8%, decreasing its holdings to 4,690 shares valued at $1,145,000 after selling 5,684 shares in the first quarter.
• Several analysts have adjusted their target prices for the company, with Morgan Stanley lowering its target from $225 to $220, indicating a cautious outlook.
• Marsh & McLennan Companies recently increased its quarterly dividend to $0.90 per share, up from the previous $0.82, reflecting a commitment to returning value to shareholders.

Belpointe Asset Management LLC decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 54.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,690 shares of the financial services provider's stock after selling 5,684 shares during the quarter. Belpointe Asset Management LLC's holdings in Marsh & McLennan Companies were worth $1,145,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth raised its stake in shares of Marsh & McLennan Companies by 2.9% during the first quarter. Focus Partners Wealth now owns 29,138 shares of the financial services provider's stock worth $7,111,000 after purchasing an additional 821 shares during the last quarter. Integrity Alliance LLC. grew its holdings in Marsh & McLennan Companies by 196.2% in the first quarter. Integrity Alliance LLC. now owns 10,398 shares of the financial services provider's stock valued at $2,537,000 after purchasing an additional 6,888 shares during the last quarter. Glenview Trust co grew its holdings in Marsh & McLennan Companies by 44.8% in the first quarter. Glenview Trust co now owns 3,518 shares of the financial services provider's stock valued at $858,000 after purchasing an additional 1,088 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of Marsh & McLennan Companies by 12.0% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 205,900 shares of the financial services provider's stock valued at $50,246,000 after acquiring an additional 22,000 shares during the last quarter. Finally, SCS Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the first quarter valued at $404,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley reduced their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Barclays cut their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Citigroup began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective on the stock. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective on the stock. Finally, Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a report on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $238.76.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $203.19 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.27 and a fifty-two week high of $248.00. The business has a 50 day moving average price of $207.04 and a two-hundred day moving average price of $220.64. 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 $99.89 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81.

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

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 24th were paid a dividend of $0.90 per share. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date was Thursday, July 24th. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies's payout ratio is 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

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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