Invesco Ltd. Cuts Stake in Marsh & McLennan Companies, Inc. $MMC

Invesco Ltd. cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,539,360 shares of the financial services provider’s stock after selling 56,354 shares during the period. Invesco Ltd. owned approximately 0.52% of Marsh & McLennan Companies worth $555,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MMC. Knuff & Co LLC bought a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $28,000. Activest Wealth Management raised its stake in shares of 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 last quarter. Westside Investment Management Inc. boosted its position in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the last quarter. Access Investment Management LLC bought a new stake in Marsh & McLennan Companies in the 2nd quarter worth about $39,000. Finally, Capital Analysts LLC raised its position in 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 last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $183.08 on Friday. The business’s 50 day moving average price is $188.27 and its 200-day moving average price is $203.70. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The company has a market cap of $89.69 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.16 and a beta of 0.75. 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 data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Analyst Ratings Changes

MMC has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Cantor Fitzgerald began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price on the stock. Citigroup decreased their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America restated an “underperform” rating and issued a $181.00 price target (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $209.00 to $191.00 in a research report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $223.00.

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.