Triasima Portfolio Management inc. Sells 17,375 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• Triasima Portfolio Management Inc. has reduced its stake in Marsh & McLennan Companies by 68.4%, selling 17,375 shares, leaving them with 8,018 shares valued at $1,753,000.
• Marsh & McLennan's CEO John Q. Doyle sold 21,079 shares of the company's stock, a transaction that decreased his ownership by 19.38%.
• The company has a current market cap of $100.17 billion and has recently announced a quarterly dividend of $0.90 per share, yielding 1.8% annually.

Triasima Portfolio Management inc. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 68.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,018 shares of the financial services provider's stock after selling 17,375 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Marsh & McLennan Companies were worth $1,753,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new stake in Marsh & McLennan Companies in the first quarter worth $25,000. Knuff & Co LLC purchased a new stake in Marsh & McLennan Companies in the first quarter worth $28,000. Activest Wealth Management increased its stake in Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after purchasing an additional 111 shares during the period. City Holding Co. purchased a new stake in Marsh & McLennan Companies in the first quarter worth $37,000. Finally, Capital Analysts LLC increased its stake in Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock worth $41,000 after purchasing an additional 64 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated 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 owned 87,681 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 target price on the stock. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Marsh & McLennan Companies in a research note on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus price target of $238.47.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $203.76 on Wednesday. The stock's fifty day moving average price is $202.88 and its 200-day moving average price is $216.21. Marsh & McLennan Companies, Inc. has a 12 month low of $195.01 and a 12 month high of $248.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market cap of $100.17 billion, a P/E ratio of 24.43, a P/E/G ratio of 2.53 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the firm earned $2.41 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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