Mount Yale Investment Advisors LLC Decreases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 32.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,101 shares of the financial services provider’s stock after selling 517 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies in the 1st quarter worth $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the 1st quarter worth $27,000. Valley National Advisers Inc. raised its stake in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $26,000. Finally, Cordant Inc. purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies 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 transaction of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The disclosure for this sale can be found here. In the last three months, insiders sold 10,338 shares of company stock valued at $2,187,012. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MMC shares. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. UBS Group boosted their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $214.25.

Marsh & McLennan Companies Price Performance

Shares of MMC stock traded up $2.60 during trading hours on Tuesday, hitting $222.24. The company’s stock had a trading volume of 112,739 shares, compared to its average volume of 1,681,745. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $109.29 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.10 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $222.76. The business has a fifty day moving average of $212.38 and a 200-day moving average of $205.14.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.72 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. Marsh & McLennan Companies’s payout ratio is 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.