Marsh & McLennan Companies, Inc. $MMC Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp reduced its stake in Marsh & McLennan Companies by 6.7% during Q2, owning 192,430 shares valued at $42 million after selling 13,832 shares.
• Various institutional investors increased their positions, with Compagnie Lombard Odier SCmA boosting its stake by 100.4% to over 208,000 shares worth approximately $45.6 million.
• The company announced a quarterly dividend of $0.90, with a dividend yield of 1.8%, and a payout ratio of 43.17% for the current fiscal year.

Fifth Third Bancorp cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,430 shares of the financial services provider's stock after selling 13,832 shares during the quarter. Fifth Third Bancorp's holdings in Marsh & McLennan Companies were worth $42,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA increased its stake in Marsh & McLennan Companies by 100.4% during the second quarter. Compagnie Lombard Odier SCmA now owns 208,567 shares of the financial services provider's stock worth $45,601,000 after purchasing an additional 104,484 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Marsh & McLennan Companies by 0.9% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 18,954 shares of the financial services provider's stock worth $4,144,000 after buying an additional 170 shares during the period. Revisor Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 40.4% during the 2nd quarter. Revisor Wealth Management LLC now owns 1,866 shares of the financial services provider's stock worth $401,000 after buying an additional 537 shares in the last quarter. Occidental Asset Management LLC boosted its position in Marsh & McLennan Companies by 1.5% in the 2nd quarter. Occidental Asset Management LLC now owns 20,775 shares of the financial services provider's stock valued at $4,542,000 after buying an additional 303 shares during the period. Finally, CHICAGO TRUST Co NA grew its stake in shares of Marsh & McLennan Companies by 16.2% in the second quarter. CHICAGO TRUST Co NA now owns 989 shares of the financial services provider's stock worth $216,000 after acquiring an additional 138 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. Citigroup assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price objective for the company. Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Barclays lowered their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective on the stock. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $238.76.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 transaction, the chief executive officer owned 87,681 shares of the company's stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $199.66 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00. The firm's 50 day moving average is $204.38 and its two-hundred day moving average is $218.28. The firm has a market capitalization of $98.16 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.48 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, 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 business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the firm earned $2.41 EPS. The company's revenue was up 12.1% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

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