Brentview Investment Management LLC Sells 293 Shares of Marsh & McLennan Companies, Inc. $MMC

Brentview Investment Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,703 shares of the financial services provider’s stock after selling 293 shares during the period. Marsh & McLennan Companies comprises about 2.0% of Brentview Investment Management LLC’s portfolio, making the stock its 28th biggest position. Brentview Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $3,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMC. Norges Bank acquired a new stake in Marsh & McLennan Companies during the 2nd quarter valued at approximately $1,328,587,000. Wellington Management Group LLP increased its position in shares of Marsh & McLennan Companies by 54.2% during the first quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after buying an additional 4,505,548 shares during the period. Nuveen LLC bought a new position in Marsh & McLennan Companies during the first quarter worth $1,038,594,000. Valeo Financial Advisors LLC boosted its position in Marsh & McLennan Companies by 48,212.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after acquiring an additional 2,623,745 shares during the last quarter. Finally, Soundwatch Capital LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth about $560,820,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $183.51 on Monday. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The firm has a market capitalization of $89.90 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The firm has a fifty day simple moving average of $189.42 and a two-hundred day simple moving average of $204.62. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results 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 the consensus estimate of $6.34 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Analysts Set New Price Targets

Several brokerages recently commented on MMC. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their target price for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and cut their price target for the stock from $209.00 to $191.00 in a report on Friday, October 17th. TD Cowen lowered their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Seven 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $224.56.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. 0.35% of the stock is currently owned by insiders.

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.