Marsh & McLennan Companies, Inc. $MMC Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC reduced its stake in Marsh & McLennan Companies by 51.6% in Q1, now holding 6,127 shares valued at approximately $1.5 million.
• Marsh & McLennan reported a 12.1% year-over-year increase in revenue to $6.97 billion and earnings per share of $2.72, exceeding analyst expectations.
• The company announced a quarterly dividend increase from $0.82 to $0.90, resulting in an annualized dividend yield of 1.7%.

Venture Visionary Partners LLC lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 51.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,127 shares of the financial services provider's stock after selling 6,529 shares during the quarter. Venture Visionary Partners LLC's holdings in Marsh & McLennan Companies were worth $1,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MMC. Parisi Gray Wealth Management purchased a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $947,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Marsh & McLennan Companies by 101.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock worth $25,270,000 after buying an additional 52,218 shares in the last quarter. LPL Financial LLC grew its stake in Marsh & McLennan Companies by 9.9% during the 1st quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider's stock worth $78,662,000 after purchasing an additional 29,247 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Marsh & McLennan Companies by 101.4% in the first 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 last quarter. Finally, US Asset Management LLC grew its stake in shares of Marsh & McLennan Companies by 23.1% during the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider's stock worth $1,671,000 after purchasing an additional 1,284 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $0.7270 during trading hours on Friday, reaching $210.3830. 1,467,076 shares of the company's stock were exchanged, compared to its average volume of 2,517,538. 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, Inc. has a 1 year low of $196.27 and a 1 year high of $248.00. The company has a market cap of $103.43 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The company's 50 day moving average is $210.28 and its two-hundred day moving average is $222.98.

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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the company posted $2.41 earnings per share. Marsh & McLennan Companies's quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date was Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 43.17%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. Wells Fargo & Company lowered their price target 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. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price target on the stock. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a report on Monday, July 21st. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Finally, Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $238.76.

Marsh & McLennan Companies Company 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.