Mutual Advisors LLC Purchases 118 Shares of Marsh & McLennan Companies, Inc. $MMC

Mutual Advisors LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,687 shares of the financial services provider’s stock after buying an additional 118 shares during the quarter. Mutual Advisors LLC’s holdings in Marsh & McLennan Companies were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MMC. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $28,000. Activest Wealth Management grew 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 purchasing an additional 111 shares during the last quarter. Capital Analysts LLC grew its stake in shares of Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $42,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 1.8%

MMC opened at $189.85 on Friday. The firm’s fifty day moving average is $202.94 and its two-hundred day moving average is $214.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.12. The firm has a market cap of $93.34 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a twelve month low of $185.12 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period last year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on 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 sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $209.00 to $191.00 in a research note on Friday. Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Morgan Stanley reduced their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Finally, UBS Group reduced their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $236.43.

Marsh & McLennan Companies 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.