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

Meridiem Investment Management Ltd. cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,436,005 shares of the financial services provider's stock after selling 24,620 shares during the quarter. Marsh & McLennan Companies comprises 5.7% of Meridiem Investment Management Ltd.'s holdings, making the stock its 6th biggest position. Meridiem Investment Management Ltd. owned approximately 0.29% of Marsh & McLennan Companies worth $320,363,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $3,710,000. Czech National Bank lifted its stake in Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider's stock valued at $22,348,000 after acquiring an additional 6,282 shares in the last quarter. Raymond James & Associates boosted its position in Marsh & McLennan Companies by 2.6% during the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider's stock worth $195,003,000 after acquiring an additional 23,133 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Marsh & McLennan Companies by 12.4% during the 1st quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider's stock worth $187,218,000 after acquiring an additional 100,378 shares in the last quarter. Finally, Kinsale Capital Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 26.8% in the first quarter. Kinsale Capital Group Inc. now owns 18,845 shares of the financial services provider's stock valued at $3,882,000 after purchasing an additional 3,984 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Stacy Mills sold 4,101 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Stacy Mills sold 4,101 shares of the firm's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,566 shares of company stock worth $4,420,137 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $2.26 during trading hours on Friday, hitting $224.66. The company had a trading volume of 1,980,400 shares, compared to its average volume of 1,671,268. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The firm has a market cap of $110.70 billion, a PE ratio of 28.51, a PEG ratio of 3.58 and a beta of 0.94. The firm has a 50-day moving average of $225.28 and a 200 day moving average of $214.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results 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 33.92% and a net margin of 16.97%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $1.57 EPS. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio is 41.37%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price 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. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $236.00 price target for the company. Bank of America boosted their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a "sell" rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $220.13.

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.