Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Summit Financial LLC

Summit Financial LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,365 shares of the financial services provider’s stock after purchasing an additional 61 shares during the period. Summit Financial LLC’s holdings in Marsh & McLennan Companies were worth $1,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in Marsh & McLennan Companies by 12.4% in the third quarter. Commonwealth Equity Services LLC now owns 83,403 shares of the financial services provider’s stock valued at $15,872,000 after acquiring an additional 9,209 shares during the last quarter. Vicus Capital acquired a new position in Marsh & McLennan Companies in the third quarter valued at approximately $256,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Marsh & McLennan Companies by 16.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,534 shares of the financial services provider’s stock valued at $2,005,000 after acquiring an additional 1,522 shares during the last quarter. Raymond James & Associates lifted its holdings in Marsh & McLennan Companies by 0.8% in the third quarter. Raymond James & Associates now owns 917,796 shares of the financial services provider’s stock valued at $174,657,000 after acquiring an additional 7,454 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Marsh & McLennan Companies by 9.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 61,152 shares of the financial services provider’s stock valued at $11,637,000 after acquiring an additional 5,164 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.2 %

NYSE:MMC traded down $0.43 during trading hours on Thursday, hitting $199.34. The company’s stock had a trading volume of 73,855 shares, compared to its average volume of 1,723,271. The stock has a market capitalization of $98.22 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 3.33 and a beta of 0.90. The stock has a fifty day moving average of $203.03 and a 200-day moving average of $197.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 52-week low of $171.47 and a 52-week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.53 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 over the last quarter. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on MMC shares. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Evercore ISI boosted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. TD Cowen boosted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $207.69.

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.