Marsh & McLennan Companies, Inc. $MMC Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,154 shares of the financial services provider’s stock after selling 9,917 shares during the period. Dupont Capital Management Corp’s holdings in Marsh & McLennan Companies were worth $7,891,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in Marsh & McLennan Companies by 6.5% in the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,915 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 298 shares during the period. Delta Investment Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 17.3% during the third quarter. Delta Investment Management LLC now owns 3,503 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 517 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.6% during the third quarter. Miracle Mile Advisors LLC now owns 13,638 shares of the financial services provider’s stock worth $2,748,000 after purchasing an additional 219 shares during the last quarter. IAM Advisory LLC grew its position in shares of Marsh & McLennan Companies by 2.7% in the third quarter. IAM Advisory LLC now owns 8,834 shares of the financial services provider’s stock valued at $1,780,000 after purchasing an additional 233 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Marsh & McLennan Companies by 37.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 244,686 shares of the financial services provider’s stock valued at $49,253,000 after purchasing an additional 66,783 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Citigroup lowered their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Mizuho started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price for the company. 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 price target on the stock. Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Finally, Barclays upgraded Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $221.00 to $206.00 in a report on Thursday, November 20th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $222.35.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $185.59 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $90.92 billion, a P/E ratio of 22.25, a PEG ratio of 3.18 and a beta of 0.76. The firm has a fifty day moving average of $182.83 and a 200-day moving average of $197.75. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the firm earned $1.63 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.