Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,556,459 shares of the financial services provider's stock after selling 537,803 shares during the quarter. Wellington Management Group LLP owned approximately 1.74% of Marsh & McLennan Companies worth $1,908,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMC. Opal Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at $147,000. Hexagon Capital Partners LLC raised its position in shares of Marsh & McLennan Companies by 24.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,666 shares of the financial services provider's stock worth $351,000 after acquiring an additional 327 shares in the last quarter. JGP Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 3.9% during the second quarter. JGP Wealth Management LLC now owns 4,501 shares of the financial services provider's stock worth $948,000 after purchasing an additional 169 shares during the last quarter. IAM Advisory LLC boosted its holdings in Marsh & McLennan Companies by 2.3% in the second quarter. IAM Advisory LLC now owns 7,907 shares of the financial services provider's stock valued at $1,666,000 after purchasing an additional 180 shares in the last quarter. Finally, Czech National Bank increased its stake in Marsh & McLennan Companies by 8.5% in the second quarter. Czech National Bank now owns 93,893 shares of the financial services provider's stock valued at $19,785,000 after purchasing an additional 7,325 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MMC. Wells Fargo & Company lowered 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 report on Thursday, October 10th. Royal Bank of Canada raised 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, October 18th. Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. Finally, 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 note on Wednesday, October 9th. Two equities 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $227.60.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $3.10 during trading hours on Friday, reaching $225.16. 1,311,267 shares of the stock were exchanged, compared to its average volume of 1,767,823. The stock has a market cap of $110.58 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.76 and a beta of 0.94. The firm's 50 day moving average is $224.77 and its 200 day moving average is $220.32. 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, Inc. has a 52-week low of $184.28 and a 52-week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued 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 was Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio is presently 40.15%.

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.