Cambridge Investment Research Advisors Inc. Sells 41,547 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cambridge Investment Research Advisors Inc. cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 72.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,530 shares of the financial services provider’s stock after selling 41,547 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 16.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,986 shares of the financial services provider’s stock worth $374,000 after buying an additional 571 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $795,000. Winslow Evans & Crocker Inc. lifted its position in shares of Marsh & McLennan Companies by 7.6% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 6,656 shares of the financial services provider’s stock worth $626,000 after buying an additional 468 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Marsh & McLennan Companies by 10.3% during the 1st quarter. Raymond James Trust N.A. now owns 6,538 shares of the financial services provider’s stock worth $613,000 after buying an additional 609 shares in the last quarter. Finally, Voit & Company LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $1,243,000. Institutional investors own 85.04% of the company’s stock.

MMC stock traded down $1.04 during midday trading on Wednesday, reaching $97.57. 2,133,315 shares of the company’s stock traded hands, compared to its average volume of 1,765,313. The firm has a 50-day moving average price of $96.74. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21. Marsh & McLennan Companies, Inc. has a 52 week low of $74.30 and a 52 week high of $100.20. The stock has a market capitalization of $50.15 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.81 and a beta of 0.79.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 25th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.07. Marsh & McLennan Companies had a net margin of 11.16% and a return on equity of 29.72%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 4.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.455 per share. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, July 10th. This represents a $1.82 dividend on an annualized basis and a yield of 1.87%. Marsh & McLennan Companies’s payout ratio is presently 38.16%.

Several research firms have commented on MMC. Royal Bank of Canada lifted their target price on shares of Marsh & McLennan Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods cut shares of Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $100.00 to $99.00 in a research report on Wednesday, June 12th. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a report on Monday, April 8th. They issued a “neutral” rating and a $98.00 price target on the stock. Finally, ValuEngine raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $95.00.

Marsh & McLennan Companies 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 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, 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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