HBK Sorce Advisory LLC Trims Position in Marsh & McLennan Companies, Inc. $MMC

HBK Sorce Advisory LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,056 shares of the financial services provider’s stock after selling 686 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Marsh & McLennan Companies were worth $2,417,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MMC. Accent Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $28,000. Activest Wealth Management raised its position in shares of Marsh & McLennan Companies by 2,775.0% in 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 raised its position in shares of Marsh & McLennan Companies by 61.0% in 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, Clean Yield Group raised its position in shares of Marsh & McLennan Companies by 114.4% in the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.6%

NYSE:MMC opened at $179.93 on Thursday. The company has a market capitalization of $88.15 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a one year low of $179.26 and a one year high of $248.00. The stock has a 50-day simple moving average of $199.58 and a 200 day simple moving average of $211.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. Sell-side analysts predict 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. 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 yield of 2.0%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Insider Buying and Selling

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 stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MMC. Citigroup began coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 target price on the stock. Morgan Stanley cut their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Evercore ISI cut their price objective on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $234.07.

About Marsh & McLennan Companies

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.