Vigilant Capital Management LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,966 shares of the financial services provider’s stock after selling 3,590 shares during the period. Marsh & McLennan Companies makes up about 2.1% of Vigilant Capital Management LLC’s portfolio, making the stock its 16th largest holding. Vigilant Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $16,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Fosun International Ltd acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $206,000. Flagship Harbor Advisors LLC raised its stake in Marsh & McLennan Companies by 16.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,986 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 571 shares during the period. Vestmark Advisory Solutions Inc. acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $1,969,000. Scout Investments Inc. acquired a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $93,139,000. Finally, Winslow Evans & Crocker Inc. raised its stake in Marsh & McLennan Companies by 7.6% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 6,656 shares of the financial services provider’s stock valued at $626,000 after purchasing an additional 468 shares during the period. Hedge funds and other institutional investors own 84.79% of the company’s stock.

Marsh & McLennan Companies stock traded down $2.01 during mid-day trading on Tuesday, hitting $101.12. 1,238,925 shares of the company’s stock were exchanged, compared to its average volume of 1,200,518. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $52.39 billion, a PE ratio of 23.25, a P/E/G ratio of 1.84 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 1-year low of $74.30 and a 1-year high of $103.36. The business has a 50 day moving average price of $100.41.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 1.80%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, July 10th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.84%.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 150 ($1.96) target price on shares of in a research note on Monday, June 17th. Wells Fargo & Co reaffirmed a “hold” rating on shares of AON in a research note on Friday, April 5th. Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $393.00 price target on shares of Boeing in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $97.30.

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 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

See Also: Current Ratio

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

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