Versor Investments LP Has $421,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Versor Investments LP trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 52.4% in the second quarter, Holdings Channel.com reports. The fund owned 1,998 shares of the financial services provider’s stock after selling 2,202 shares during the quarter. Versor Investments LP’s holdings in Marsh & McLennan Companies were worth $421,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock worth $9,046,079,000 after purchasing an additional 119,236 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 valued at $2,188,348,000 after acquiring an additional 380,828 shares during the last quarter. Norges Bank acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth about $1,048,077,000. Parnassus Investments LLC raised its position in shares of Marsh & McLennan Companies by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after acquiring an additional 11,459 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Marsh & McLennan Companies by 9.6% during the 4th quarter. UBS Group AG now owns 3,474,995 shares of the financial services provider’s stock valued at $658,407,000 after purchasing an additional 305,440 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,735 shares of company stock worth $6,151,377. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several recent analyst reports. Bank of America boosted their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $214.25.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $231.37 on Thursday. The company has a market cap of $114.00 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 3.17 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $231.91. The business has a 50 day moving average price of $219.69 and a 200-day moving average price of $210.19.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the business earned $2.20 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

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 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.