Vestor Capital LLC Sells 65 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vestor Capital LLC reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 684 shares of the financial services provider’s stock after selling 65 shares during the quarter. Vestor Capital LLC’s holdings in Marsh & McLennan Companies were worth $117,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Marsh & McLennan Companies by 7.4% during the fourth quarter. BlackRock Inc. now owns 43,136,914 shares of the financial services provider’s stock valued at $7,498,062,000 after purchasing an additional 2,986,547 shares in the last quarter. State Street Corp boosted its position in shares of Marsh & McLennan Companies by 3.7% during the fourth quarter. State Street Corp now owns 24,011,909 shares of the financial services provider’s stock valued at $4,173,750,000 after purchasing an additional 860,365 shares in the last quarter. Capital World Investors boosted its position in shares of Marsh & McLennan Companies by 0.4% during the fourth quarter. Capital World Investors now owns 17,341,095 shares of the financial services provider’s stock valued at $3,014,211,000 after purchasing an additional 72,889 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 8,525,869 shares of the financial services provider’s stock valued at $1,478,000,000 after purchasing an additional 289,381 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in shares of Marsh & McLennan Companies by 11.3% during the first quarter. Mawer Investment Management Ltd. now owns 7,785,493 shares of the financial services provider’s stock valued at $1,326,804,000 after purchasing an additional 791,621 shares in the last quarter. 88.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MMC shares. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $158.00 to $163.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies to $185.00 in a research note on Friday, July 22nd. Piper Sandler lifted their price objective on Marsh & McLennan Companies from $185.00 to $197.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $170.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, April 22nd. Finally, Morgan Stanley cut Marsh & McLennan Companies from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $163.00 to $145.00 in a research note on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $177.00.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of MMC stock traded up $0.29 during mid-day trading on Friday, hitting $165.60. The company’s stock had a trading volume of 1,290,776 shares, compared to its average volume of 2,099,568. Marsh & McLennan Companies, Inc. has a 52-week low of $142.80 and a 52-week high of $183.14. The business has a 50-day moving average price of $155.39 and a 200 day moving average price of $158.16. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $83.12 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.96 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Marsh & McLennan Companies had a return on equity of 31.24% and a net margin of 16.36%. Marsh & McLennan Companies’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. Research analysts predict that Marsh & McLennan Companies, Inc. will post 6.8 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Thursday, July 28th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, July 27th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. Marsh & McLennan Companies’s dividend payout ratio is 35.60%.

Marsh & McLennan Companies Company Profile

(Get Rating)

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 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 and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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

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