My Legacy Advisors LLC Sells 204 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

My Legacy Advisors LLC lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,455 shares of the financial services provider’s stock after selling 204 shares during the quarter. My Legacy Advisors LLC’s holdings in Marsh & McLennan Companies were worth $548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies during the 1st quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter worth about $27,000. Crewe Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $35,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Marsh & McLennan Companies by 712.5% during the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MMC. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday. Keefe, Bruyette & Woods increased their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. BMO Capital Markets increased their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $225.33.

Marsh & McLennan Companies Stock Down 0.3 %

Shares of MMC traded down $0.57 during mid-day trading on Tuesday, hitting $221.49. The company’s stock had a trading volume of 486,020 shares, compared to its average volume of 1,664,618. The company’s 50-day moving average is $225.37 and its 200-day moving average is $215.22. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The firm has a market capitalization of $109.13 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.58 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Insider Activity at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,566 shares of company stock worth $4,420,137. 0.30% of the stock is owned by company insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. 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 and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.