Marsh & McLennan Companies, Inc. $MMC Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 54.5% during the second quarter, Holdings Channel.com reports. The firm owned 2,500 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Marsh & McLennan Companies were worth $547,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Marsh & McLennan Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock worth $11,059,792,000 after acquiring an additional 581,930 shares during the period. Wellington Management Group LLP boosted its position in Marsh & McLennan Companies by 54.2% during the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after acquiring an additional 4,505,548 shares during the period. Goldman Sachs Group Inc. boosted its position in Marsh & McLennan Companies by 8.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after acquiring an additional 340,907 shares during the period. Nuveen LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $1,038,594,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider’s stock valued at $697,471,000 after buying an additional 65,778 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the 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 transaction, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents 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 accessible through this link. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.7%

MMC stock opened at $201.65 on Wednesday. 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 stock has a market capitalization of $99.14 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.52 and a beta of 0.81. The business has a 50-day moving average of $203.48 and a 200-day moving average of $217.29. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.01 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the prior year, the firm earned $2.41 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective on the stock. Citigroup initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective on the stock. Wolfe Research initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Morgan Stanley decreased their price target on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, Barclays reduced their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price 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.