V Square Quantitative Management LLC Sells 5,796 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• V Square Quantitative Management LLC sold 5,796 shares of Marsh & McLennan Companies, reducing its stake by 37% to 9,886 shares valued at approximately $2.16 million.
• CEO John Q. Doyle sold 21,079 shares, representing a 19.38% decrease in his ownership, for a total of over $4.3 million.
• Marsh & McLennan Companies announced a quarterly dividend of $0.90, yielding 1.8%, to be paid on November 14, 2023.

V Square Quantitative Management LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 37.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,886 shares of the financial services provider's stock after selling 5,796 shares during the period. V Square Quantitative Management LLC's holdings in Marsh & McLennan Companies were worth $2,161,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Accent Capital Management LLC bought a new position in Marsh & McLennan Companies in the first quarter valued at about $25,000. Knuff & Co LLC bought a new position in Marsh & McLennan Companies in the first quarter valued at about $28,000. Activest Wealth Management grew its position 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 valued at $28,000 after acquiring an additional 111 shares during the last quarter. City Holding Co. bought a new position in Marsh & McLennan Companies in the first quarter valued at about $37,000. Finally, Capital Analysts LLC grew its position 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 valued at $41,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $199.60 on Monday. The stock's 50 day moving average is $203.86 and its 200 day moving average is $217.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $98.13 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.51 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year 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 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 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 firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on MMC shares. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Barclays decreased their target price on 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. Wolfe Research assumed coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a "peer perform" rating on the stock. Citigroup assumed coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target on the stock. Finally, UBS Group reduced their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $238.76.

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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