SageView Advisory Group LLC Sells 3,356 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

SageView Advisory Group LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 72.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,276 shares of the financial services provider's stock after selling 3,356 shares during the quarter. SageView Advisory Group LLC's holdings in Marsh & McLennan Companies were worth $285,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Carmichael Hill & Associates Inc. boosted its holdings in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Crewe Advisors LLC raised its stake in Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 80 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 171 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter worth $41,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $3.10 on Friday, reaching $225.16. 1,311,267 shares of the stock were exchanged, compared to its average volume of 1,767,823. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $235.50. The firm has a fifty day moving average price of $224.80 and a two-hundred day moving average price of $220.51. The stock has a market cap of $110.58 billion, a PE ratio of 27.73, a PEG ratio of 2.76 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies's payout ratio is currently 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

MMC has been the subject of several research analyst reports. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. Evercore ISI reissued an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Barclays upped their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $227.60.

Marsh & McLennan Companies Company 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.