Matauro LLC Sells 1,584 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• Matauro LLC reduced its holdings in Marsh & McLennan Companies by 25.1% in the second quarter, selling 1,584 shares, bringing its total to 4,738 shares valued at approximately $1,036,000.
• Institutional investors now own 87.99% of Marsh & McLennan Companies, inciting various hedge funds to adjust their positions, with notable increases from Vanguard Group Inc. (1.3%) and Wellington Management Group LLP (54.2%).
• The company announced a quarterly dividend of $0.90 per share, set to be paid on November 14th, representing an annualized dividend yield of 1.8%.

Matauro LLC decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,738 shares of the financial services provider's stock after selling 1,584 shares during the period. Matauro LLC's holdings in Marsh & McLennan Companies were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Marsh & McLennan Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider's stock worth $11,059,792,000 after purchasing an additional 581,930 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Marsh & McLennan Companies by 54.2% in the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider's stock worth $3,127,193,000 after purchasing an additional 4,505,548 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Marsh & McLennan Companies by 8.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider's stock worth $1,060,362,000 after purchasing an additional 340,907 shares during the last quarter. Nuveen LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $1,038,594,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider's stock worth $697,471,000 after purchasing an additional 65,778 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares of the company's stock, 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 this link. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on MMC. Barclays cut their price target on shares of 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 initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday, July 21st. 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 note on Monday, July 21st. Finally, Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $238.76.

Marsh & McLennan Companies Stock Down 0.8%

MMC stock opened at $199.71 on Friday. The firm's fifty day simple moving average is $203.14 and its 200-day simple moving average is $216.95. The company has a market capitalization of $98.18 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81. 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 12 month low of $195.01 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 EPS. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current 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 paid a dividend of $0.90 per share. 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 (DPR) is presently 43.17%.

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.

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