Cyndeo Wealth Partners LLC Decreases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cyndeo Wealth Partners LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 30.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,213 shares of the financial services provider's stock after selling 7,949 shares during the period. Cyndeo Wealth Partners LLC's holdings in Marsh & McLennan Companies were worth $4,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMC. Assenagon Asset Management S.A. grew its stake in Marsh & McLennan Companies by 4,991.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock worth $146,047,000 after buying an additional 679,474 shares in the last quarter. Jennison Associates LLC increased its position in shares of Marsh & McLennan Companies by 229.6% during the 1st quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider's stock valued at $192,066,000 after purchasing an additional 649,505 shares during the last quarter. M&G Plc purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $118,353,000. Bristol Gate Capital Partners Inc. bought a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $95,139,000. Finally, SG Americas Securities LLC boosted its stake in Marsh & McLennan Companies by 2,623.1% in the first quarter. SG Americas Securities LLC now owns 467,891 shares of the financial services provider's stock worth $96,376,000 after buying an additional 450,709 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 1.0 %

Shares of NYSE:MMC traded down $2.26 during midday trading on Friday, reaching $224.66. The company's stock had a trading volume of 1,980,400 shares, compared to its average volume of 1,671,268. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The firm has a market capitalization of $110.70 billion, a P/E 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 $215.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 earnings per share. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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

Insider Activity

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

Analysts Set New Price Targets

MMC has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a "neutral" rating in a research note on Thursday, July 11th. Royal Bank of Canada lifted their price objective on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a report on Friday. Bank of America raised 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. Jefferies Financial Group boosted their price objective 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. Finally, Roth Mkm lifted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $220.13.

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.