Lincoln National Corp Sells 7,547 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Lincoln National Corp lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 73.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,683 shares of the financial services provider’s stock after selling 7,547 shares during the period. Lincoln National Corp’s holdings in Marsh & McLennan Companies were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MMC. Markel Corp grew its holdings in Marsh & McLennan Companies by 1.5% during the first quarter. Markel Corp now owns 618,800 shares of the financial services provider’s stock valued at $105,456,000 after purchasing an additional 9,300 shares during the last quarter. United Bank raised its holdings in Marsh & McLennan Companies by 1.9% in the 1st quarter. United Bank now owns 7,580 shares of the financial services provider’s stock worth $1,292,000 after acquiring an additional 144 shares during the period. Blair William & Co. IL lifted its position in Marsh & McLennan Companies by 1.9% during the 1st quarter. Blair William & Co. IL now owns 37,526 shares of the financial services provider’s stock worth $6,395,000 after acquiring an additional 695 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Marsh & McLennan Companies by 43.9% during the first quarter. Cetera Investment Advisers now owns 4,188 shares of the financial services provider’s stock valued at $714,000 after acquiring an additional 1,277 shares during the period. Finally, Moors & Cabot Inc. increased its stake in shares of Marsh & McLennan Companies by 8.5% in the first quarter. Moors & Cabot Inc. now owns 3,066 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $193.03 on Wednesday. Marsh & McLennan Companies, Inc. has a 12 month low of $151.86 and a 12 month high of $202.81. The company’s 50-day moving average price is $193.99 and its two-hundred day moving average price is $193.15. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a market cap of $95.18 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 3.40 and a beta of 0.92.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $1.47 EPS. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.59 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be given a dividend of $0.71 per share. The ex-dividend date is Wednesday, January 24th. This represents a $2.84 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 37.72%.

Wall Street Analyst Weigh In

Several research analysts have commented on MMC shares. Citigroup lifted their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $196.00 to $209.00 and gave the company a “hold” rating in a research note on Friday, October 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, October 4th. They issued a “buy” rating and a $226.00 price target on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research note on Tuesday. Finally, Raymond James boosted their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $202.71.

Check Out Our Latest Report on Marsh & McLennan Companies

Insiders Place Their Bets

In other news, CMO John Jude Jones sold 4,908 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $193.08, for a total transaction of $947,636.64. Following the transaction, the chief marketing officer now directly owns 7,978 shares in the company, valued at $1,540,392.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Profile

(Free Report)

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 in two segments, Risk and Insurance Services, and Consulting. 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.

Further Reading

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report).

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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