Mattern Capital Management LLC Raises Stock Position in Marsh & McLennan Companies, Inc. $MMC

Mattern Capital Management LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,302 shares of the financial services provider’s stock after buying an additional 536 shares during the period. Mattern Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Accent Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $28,000. Activest Wealth Management boosted its stake in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares during the period. City Holding Co. purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $37,000. Finally, Capital Analysts LLC boosted its stake in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Down 0.8%

NYSE:MMC opened at $199.71 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $98.18 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.53 and a beta of 0.81. The firm has a 50-day simple moving average of $203.14 and a 200-day simple moving average of $216.95.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the business posted $2.41 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Wall Street Analyst Weigh In

MMC has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $238.76.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

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.