McElhenny Sheffield Capital Management LLC Has $600,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

McElhenny Sheffield Capital Management LLC trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,848 shares of the financial services provider’s stock after selling 226 shares during the period. McElhenny Sheffield Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parnassus Investments LLC boosted its position in Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after purchasing an additional 11,459 shares during the period. Veritas Investment Partners UK Ltd. boosted its position in shares of Marsh & McLennan Companies by 16.9% in the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock valued at $266,134,000 after acquiring an additional 203,017 shares during the period. Nordea Investment Management AB boosted its position in shares of Marsh & McLennan Companies by 12.4% in the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after acquiring an additional 100,378 shares during the period. CENTRAL TRUST Co boosted its position in shares of Marsh & McLennan Companies by 5.5% in the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 75 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $3,465,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.6 %

Shares of Marsh & McLennan Companies stock traded up $1.28 on Thursday, hitting $219.37. The stock had a trading volume of 1,418,763 shares, compared to its average volume of 1,692,524. The stock has a 50 day moving average of $214.57 and a 200 day moving average of $206.34. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $227.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $108.09 billion, a P/E ratio of 27.84, a PEG ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the business posted $2.20 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 15th 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 1.49%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MMC shares. Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Finally, TD Cowen boosted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $214.25.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,904 shares of company stock worth $6,607,149. Corporate 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.