River Wealth Advisors LLC Sells 180 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

River Wealth Advisors LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,939 shares of the financial services provider’s stock after selling 180 shares during the period. River Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,998,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MMC. Bank Julius Baer & Co. Ltd Zurich increased its stake in Marsh & McLennan Companies by 103,259.3% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 74,945,836 shares of the financial services provider’s stock valued at $14,095,813,000 after acquiring an additional 74,873,326 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 105,777.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock valued at $1,617,156,000 after purchasing an additional 9,763,286 shares in the last quarter. Norges Bank bought a new position in Marsh & McLennan Companies in the fourth quarter worth $659,049,000. Morgan Stanley raised its stake in shares of Marsh & McLennan Companies by 49.2% in the 4th quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock valued at $1,041,503,000 after buying an additional 2,075,928 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd bought a new stake in Marsh & McLennan Companies in the second quarter valued at about $303,203,000. 86.64% of the stock is owned by institutional investors.

Insider Activity

In related news, CMO John Jude Jones sold 4,908 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $193.08, for a total value of $947,636.64. Following the completion of the transaction, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at approximately $1,540,392.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CMO John Jude Jones sold 4,908 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $193.08, for a total value of $947,636.64. Following the sale, the chief marketing officer now directly owns 7,978 shares in the company, valued at $1,540,392.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Oscar Fanjul sold 3,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total value of $584,700.00. Following the completion of the sale, the director now directly owns 63,012 shares in the company, valued at approximately $12,281,038.80. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.3 %

NYSE MMC opened at $200.45 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.02. Marsh & McLennan Companies, Inc. has a 12 month low of $151.86 and a 12 month high of $200.68. The company has a market capitalization of $98.84 billion, a PE ratio of 28.88, a P/E/G ratio of 2.29 and a beta of 0.97. The stock has a 50-day simple moving average of $192.98 and a 200 day simple moving average of $187.33.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.18. Marsh & McLennan Companies had a net margin of 15.61% and a return on equity of 34.01%. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the business posted $1.18 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 7.93 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.84 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.92%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America raised Marsh & McLennan Companies from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $189.00 to $210.00 in a report on Friday, July 21st. StockNews.com initiated coverage on shares of Marsh & McLennan Companies in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $195.00 to $200.00 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Wells Fargo & Company boosted their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock an “overweight” rating in a report on Friday, July 21st. Finally, Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $196.00 to $209.00 and gave the company a “hold” rating in a report on Friday, October 6th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $201.38.

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 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, strategic advisory services, and analytics solutions; and insurance program management services.