US Bancorp DE Reduces Holdings in Marsh & McLennan Companies, Inc. $MMC

Key Points

• US Bancorp DE reduced its holdings in Marsh & McLennan Companies by 1.6%, trimming its stake to 151,026 shares valued at approximately $33 million.
• Marsh & McLennan reported an earnings per share (EPS) of $2.72 for its last quarter, exceeding analysts' expectations and indicating a 12.1% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.90 per share, representing a 1.7% yield, set to be paid to shareholders on November 14th.

US Bancorp DE trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,026 shares of the financial services provider's stock after selling 2,522 shares during the period. US Bancorp DE's holdings in Marsh & McLennan Companies were worth $33,022,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MMC. Brighton Jones LLC increased its stake in Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bison Wealth LLC increased its stake in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 869 shares in the last quarter. GAMMA Investing LLC increased its stake in Marsh & McLennan Companies by 32.0% during the 1st quarter. GAMMA Investing LLC now owns 6,211 shares of the financial services provider's stock valued at $1,516,000 after purchasing an additional 1,507 shares in the last quarter. Integrated Advisors Network LLC increased its stake in Marsh & McLennan Companies by 10.4% during the 1st quarter. Integrated Advisors Network LLC now owns 5,349 shares of the financial services provider's stock valued at $1,305,000 after purchasing an additional 505 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its stake in Marsh & McLennan Companies by 29.5% during the 1st quarter. Simon Quick Advisors LLC now owns 2,898 shares of the financial services provider's stock valued at $707,000 after purchasing an additional 660 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

MMC opened at $207.12 on Friday. 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 company has a market cap of $101.82 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.60 and a beta of 0.81. The company's 50 day moving average is $203.29 and its 200 day moving average is $215.73. 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 posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (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 net margin of 16.00% and a return on equity of 31.90%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 earnings per share. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.7%. Marsh & McLennan Companies's payout ratio is currently 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 transaction, the chief executive officer owned 87,681 shares of the company's stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MMC shares. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a "peer perform" rating for the company. Citigroup assumed 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 target for the company. Keefe, Bruyette & Woods reduced their price target 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. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an "equal weight" rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus target price of $237.13.

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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