Marsh & McLennan Companies, Inc. (MMC) Stake Decreased by DNB Asset Management AS

DNB Asset Management AS decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,592 shares of the financial services provider’s stock after selling 5,401 shares during the quarter. DNB Asset Management AS’s holdings in Marsh & McLennan Companies were worth $7,080,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. boosted its position in shares of Marsh & McLennan Companies by 3,497.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 1,223 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,189 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth $100,000. Kaizen Advisory LLC boosted its position in shares of Marsh & McLennan Companies by 152.0% in the 2nd quarter. Kaizen Advisory LLC now owns 1,245 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 751 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Marsh & McLennan Companies by 619.9% in the 2nd quarter. Sun Life Financial INC now owns 1,375 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 1,184 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth $127,000. 85.96% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on MMC shares. Raymond James cut Marsh & McLennan Companies from an “outperform” rating to an “underperform” rating in a research report on Tuesday, September 25th. Citigroup lowered their price objective on Marsh & McLennan Companies from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, September 20th. Credit Suisse Group started coverage on Marsh & McLennan Companies in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $86.00 price objective for the company. Jefferies Financial Group reissued a “hold” rating and issued a $90.00 price objective on shares of Marsh & McLennan Companies in a research report on Friday, July 27th. Finally, Zacks Investment Research cut Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $92.80.

In other Marsh & McLennan Companies news, SVP E Scott Gilbert sold 80,646 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total transaction of $6,825,877.44. Following the completion of the transaction, the senior vice president now owns 123,843 shares in the company, valued at approximately $10,482,071.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.16% of the company’s stock.

Shares of MMC stock opened at $79.58 on Friday. The firm has a market capitalization of $41.77 billion, a P/E ratio of 20.30, a PEG ratio of 1.54 and a beta of 0.94. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.75. Marsh & McLennan Companies, Inc. has a 1 year low of $78.60 and a 1 year high of $87.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Marsh & McLennan Companies had a return on equity of 29.26% and a net margin of 11.13%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 4.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 11th will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Wednesday, October 10th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.09%. Marsh & McLennan Companies’s payout ratio is currently 42.35%.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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