Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,888 shares of the financial services provider’s stock after selling 700 shares during the quarter. Marsh & McLennan Companies comprises 1.4% of Levin Capital Strategies L.P.’s holdings, making the stock its 28th largest position. Levin Capital Strategies L.P.’s holdings in Marsh & McLennan Companies were worth $13,462,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sachetta LLC boosted its holdings in shares of Marsh & McLennan Companies by 36.4% during the 2nd quarter. Sachetta LLC now owns 210 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 56 shares during the last quarter. Choreo LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth $3,309,000. Prudential PLC raised its holdings in Marsh & McLennan Companies by 27.5% in the second quarter. Prudential PLC now owns 68,579 shares of the financial services provider’s stock valued at $14,451,000 after acquiring an additional 14,792 shares in the last quarter. PFG Investments LLC raised its position in Marsh & McLennan Companies by 4.0% in the second quarter. PFG Investments LLC now owns 2,443 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 94 shares in the last quarter. Finally, X Square Capital LLC lifted its stake in shares of Marsh & McLennan Companies by 1.8% in the second quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 51 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The disclosure for this sale can be found here. Insiders sold 27,735 shares of company stock valued at $6,151,377 over the last ninety days. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

MMC opened at $230.58 on Tuesday. The stock has a fifty day moving average price of $220.79 and a 200 day moving average price of $210.84. 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, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32. The stock has a market cap of $113.39 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 3.18 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were given a $0.815 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MMC. Barclays started coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Roth Mkm lifted their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $215.53.

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.