Venturi Wealth Management LLC Trims Holdings in Marsh & McLennan Companies, Inc. $MMC

Venturi Wealth Management LLC decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,243 shares of the financial services provider’s stock after selling 258 shares during the period. Venturi Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $1,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in Marsh & McLennan Companies by 3.6% in the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 44 shares during the period. Defined Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 1.5% in the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 47 shares during the period. IFP Advisors Inc raised its holdings in Marsh & McLennan Companies by 0.6% in the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Marsh & McLennan Companies by 1.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 47 shares during the period. Finally, E Fund Management Co. Ltd. raised its holdings in Marsh & McLennan Companies by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

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 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 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 filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on MMC. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, July 21st. Morgan Stanley decreased their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Tuesday. Barclays decreased their price target on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Finally, Wolfe Research began coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $237.47.

Marsh & McLennan Companies Trading Up 0.4%

Shares of MMC stock opened at $204.74 on Thursday. The company has a market cap of $100.66 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.56 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1 year low of $195.01 and a 1 year high of $248.00. The stock’s 50 day simple moving average is $202.97 and its two-hundred day simple moving average is $216.13. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20.

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 (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the company earned $2.41 EPS. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced 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. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is 43.17%.

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.