Vontobel Holding Ltd. Sells 2,863 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• Vontobel Holding Ltd. sold 2,863 shares of Marsh & McLennan Companies, Inc., reducing its position by 6.0%, and now holds 44,592 shares valued at approximately $9.75 million.
• CEO John Q. Doyle sold 21,079 shares of the company for over $4.3 million, representing a 19.38% decrease in his ownership.
• Marsh & McLennan recently declared a quarterly dividend of $0.90 per share, with a yield of 1.7%, payable on November 14th.

Vontobel Holding Ltd. reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,592 shares of the financial services provider's stock after selling 2,863 shares during the quarter. Vontobel Holding Ltd.'s holdings in Marsh & McLennan Companies were worth $9,750,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $25,000. Knuff & Co LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $28,000. Activest Wealth Management grew its position in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after buying an additional 111 shares during the period. Capital Analysts LLC grew 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 worth $41,000 after buying an additional 64 shares during the period. Finally, Garde Capital Inc. acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $42,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company's stock, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a "peer perform" rating for the company. Citigroup began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of Marsh & McLennan Companies in a research report on Wednesday. Morgan Stanley decreased their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, UBS Group decreased their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a "buy" rating for the company in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus target price of $237.13.

Marsh & McLennan Companies Trading Up 0.6%

NYSE:MMC opened at $205.97 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $203.11 and a two-hundred day moving average price of $215.93. The company has a market cap of $101.26 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the firm posted $2.41 EPS. The business's revenue was up 12.1% on a year-over-year basis. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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 given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.7%. Marsh & McLennan Companies's dividend 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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