IAM Advisory LLC Buys 372 Shares of Marsh & McLennan Companies, Inc. $MMC

IAM Advisory LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,601 shares of the financial services provider’s stock after purchasing an additional 372 shares during the quarter. IAM Advisory LLC’s holdings in Marsh & McLennan Companies were worth $1,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Accent Capital Management LLC bought a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $28,000. Activest Wealth Management increased its stake in shares of Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after buying an additional 111 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $37,000. Finally, City Holding Co. purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $37,000. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 2.4%

Shares of NYSE:MMC opened at $198.01 on Tuesday. The company has a market cap of $97.35 billion, a P/E ratio of 23.74, a PEG ratio of 2.55 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. Marsh & McLennan Companies, Inc. has a 1 year low of $196.27 and a 1 year high of $248.00. The stock’s fifty day moving average price is $206.55 and its 200-day moving average price is $219.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 earnings per share. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 24th were issued a $0.90 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, July 24th. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MMC. UBS Group reduced their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. Barclays reduced their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a research note on Friday, July 18th. Finally, Citigroup began coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $238.76.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.