CHURCHILL MANAGEMENT Corp Has $6.70 Million Stock Position in Marsh & McLennan Companies, Inc. $MMC

CHURCHILL MANAGEMENT Corp lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,652 shares of the financial services provider’s stock after selling 311 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Marsh & McLennan Companies were worth $6,702,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. lifted its stake in Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after buying an additional 44 shares in the last quarter. Defined Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock valued at $780,000 after buying an additional 47 shares in the last quarter. IFP Advisors Inc lifted its stake in Marsh & McLennan Companies by 0.6% in the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after buying an additional 47 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Marsh & McLennan Companies by 1.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after buying an additional 47 shares in the last quarter. Finally, E Fund Management Co. Ltd. lifted its stake in Marsh & McLennan Companies by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MMC has been the topic of a number of research reports. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. UBS Group cut their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $201.41 on Thursday. The company has a market cap of $99.02 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.53 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The company’s fifty day simple moving average is $203.32 and its 200 day simple moving average is $217.18. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.41 earnings per share. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.