Ferguson Wellman Capital Management Inc. Reduces Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ferguson Wellman Capital Management Inc. decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,834 shares of the financial services provider’s stock after selling 382 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Marsh & McLennan Companies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after buying an additional 119,236 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Marsh & McLennan Companies by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after acquiring an additional 380,828 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Marsh & McLennan Companies by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock valued at $954,712,000 after purchasing an additional 223,257 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Marsh & McLennan Companies by 1.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after purchasing an additional 58,461 shares during the period. Finally, Jensen Investment Management Inc. increased its position in shares of Marsh & McLennan Companies by 1.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock worth $679,837,000 after purchasing an additional 40,182 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’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 transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’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 transaction of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,566 shares of company stock worth $4,420,137 in the last ninety days. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $224.66 on Friday. The firm has a market capitalization of $110.70 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The business’s fifty day moving average price is $225.28 and its 200 day moving average price is $214.99. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMC. Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday. Finally, Bank of America increased their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $220.13.

Marsh & McLennan Companies Company Profile

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.