Victory Capital Management Inc. Sells 4,193 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Victory Capital Management Inc. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,025 shares of the financial services provider's stock after selling 4,193 shares during the period. Victory Capital Management Inc.'s holdings in Marsh & McLennan Companies were worth $39,269,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Aptus Capital Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 21.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 69,197 shares of the financial services provider's stock valued at $15,437,000 after acquiring an additional 12,093 shares during the last quarter. Savvy Advisors Inc. increased its stake in Marsh & McLennan Companies by 155.1% in the third quarter. Savvy Advisors Inc. now owns 2,962 shares of the financial services provider's stock valued at $661,000 after purchasing an additional 1,801 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in Marsh & McLennan Companies by 33.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 2,615 shares of the financial services provider's stock worth $583,000 after purchasing an additional 661 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Marsh & McLennan Companies by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,180,567 shares of the financial services provider's stock worth $263,373,000 after buying an additional 18,202 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $19,097,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Up 0.3 %

MMC stock traded up $0.64 during trading on Friday, reaching $222.14. The stock had a trading volume of 1,930,186 shares, compared to its average volume of 1,689,079. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The firm has a fifty day moving average price of $224.31 and a 200 day moving average price of $217.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $109.10 billion, a P/E ratio of 27.36, a PEG ratio of 3.36 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share 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 given a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies's dividend payout ratio is presently 40.15%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MMC. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their target price on 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. Roth Mkm boosted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a "sell" rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and an average price target of $225.33.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.30% of the company's stock.

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.