MinichMacGregor Wealth Management LLC Sells 2,160 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• MinichMacGregor Wealth Management LLC reduced its stake in Marsh & McLennan Companies by 8.5%, selling 2,160 shares and holding 23,327 shares valued at approximately $5.1 million.
• CEO John Q. Doyle sold 21,079 shares at an average price of $205.65, resulting in a total transaction value of over $4.3 million and a 19.38% decrease in his holdings.
• Marsh & McLennan reported a 12.1% increase in revenue year-over-year, with quarterly earnings of $2.72 EPS, exceeding estimates.

MinichMacGregor Wealth Management LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,327 shares of the financial services provider's stock after selling 2,160 shares during the quarter. MinichMacGregor Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $5,100,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Accent Capital Management LLC bought a new stake in Marsh & McLennan Companies in the first quarter worth $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth about $28,000. Activest Wealth Management increased its stake in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after acquiring an additional 111 shares during the last quarter. City Holding Co. bought a new stake in Marsh & McLennan Companies during the first quarter worth approximately $37,000. Finally, Capital Analysts LLC increased its position in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 64 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on 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 transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $199.60 on Friday. The firm has a market cap of $98.13 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81. The firm's 50 day simple moving average is $203.86 and its 200-day simple moving average is $217.79. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results 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 firm 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 business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 earnings per share. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analyst Weigh In

MMC has been the topic of several analyst reports. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a "peer perform" rating on the stock. UBS Group reduced their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research note on Monday, July 21st. Barclays reduced their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price target 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 research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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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