TD Asset Management Inc Sells 43,275 Shares of Marsh & McLennan Companies, Inc. $MMC

TD Asset Management Inc reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 925,535 shares of the financial services provider’s stock after selling 43,275 shares during the quarter. TD Asset Management Inc’s holdings in Marsh & McLennan Companies were worth $202,359,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Accent Capital Management LLC purchased a new stake in Marsh & McLennan Companies in the first quarter worth $25,000. Knuff & Co LLC purchased a new stake in Marsh & McLennan Companies in the first quarter worth $28,000. Activest Wealth Management increased 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 worth $28,000 after buying an additional 111 shares during the last quarter. Capital Analysts LLC increased 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 worth $41,000 after buying an additional 64 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in Marsh & McLennan Companies in the first quarter worth $42,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on MMC shares. UBS Group decreased their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Citigroup assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target for the company. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Morgan Stanley reduced their price target 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, October 7th. Finally, Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $237.13.

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 value of $4,334,896.35. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $205.03 on Tuesday. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00. The business has a 50-day simple moving average of $203.41 and a 200 day simple moving average of $215.11. 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 stock has a market cap of $100.80 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.60 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS 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 business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the previous year, the business earned $2.41 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. 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 dividend payout ratio (DPR) is currently 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.