Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Souders Financial Advisors

Souders Financial Advisors reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 35.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,783 shares of the financial services provider's stock after selling 4,868 shares during the period. Souders Financial Advisors' holdings in Marsh & McLennan Companies were worth $2,143,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Defined Wealth Management LLC raised its holdings in shares of Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock worth $780,000 after acquiring an additional 47 shares during the last quarter. IFP Advisors Inc increased its stake in Marsh & McLennan Companies by 0.6% in the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock valued at $1,825,000 after purchasing an additional 47 shares during the last quarter. Opus Capital Group LLC boosted its stake in Marsh & McLennan Companies by 2.6% in the 1st quarter. Opus Capital Group LLC now owns 1,926 shares of the financial services provider's stock worth $470,000 after buying an additional 48 shares during the last quarter. Court Place Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 4.0% during the 1st quarter. Court Place Advisors LLC now owns 1,248 shares of the financial services provider's stock valued at $305,000 after acquiring an additional 48 shares during the last quarter. Finally, DF Dent & Co. Inc. grew its holdings in Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Up 0.7%

Shares of Marsh & McLennan Companies stock traded up $1.43 during trading on Friday, reaching $212.47. The company had a trading volume of 3,524,077 shares, compared to its average volume of 2,003,678. The company has a market cap of $104.45 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week high of $248.00. The firm's fifty day moving average is $221.16 and its 200-day moving average is $224.72. 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 released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. Marsh & McLennan Companies's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 EPS. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 24th will be paid a dividend of $0.90 per share. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $3.60 annualized dividend and a yield of 1.69%. Marsh & McLennan Companies's payout ratio is presently 39.09%.

Analyst Ratings Changes

A number of research analysts recently weighed in on MMC shares. UBS Group boosted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research report on Friday. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 9th. Finally, Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and a consensus target price of $240.29.

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.