Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Jensen Investment Management Inc.

Jensen Investment Management Inc. decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,050,831 shares of the financial services provider's stock after selling 175,427 shares during the quarter. Marsh & McLennan Companies makes up approximately 5.7% of Jensen Investment Management Inc.'s holdings, making the stock its 4th largest holding. Jensen Investment Management Inc. owned about 0.62% of Marsh & McLennan Companies worth $680,610,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $27,000. Carmichael Hill & Associates Inc. increased its position in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Crewe Advisors LLC increased its position in shares of Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock valued at $34,000 after buying an additional 80 shares in the last quarter. Finally, Iron Horse Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 712.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock worth $41,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded up $2.18 during mid-day trading on Friday, hitting $225.36. The stock had a trading volume of 2,395,777 shares, compared to its average volume of 1,838,065. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The stock has a market cap of $110.68 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.35 and a beta of 0.94. The company's 50 day simple moving average is $224.83 and its 200 day simple moving average is $217.18. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the business posted $1.57 EPS. Marsh & McLennan Companies's revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MMC shares. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. BMO Capital Markets increased their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Bank of America increased their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a "sell" rating in a report on Friday, October 18th. Finally, Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average price target of $225.33.

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 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.