Harbour Investments Inc. Has $399,000 Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Harbour Investments Inc. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 45.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,825 shares of the financial services provider’s stock after purchasing an additional 572 shares during the period. Harbour Investments Inc.’s holdings in Marsh & McLennan Companies were worth $399,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JGP Wealth Management LLC lifted its position in Marsh & McLennan Companies by 1.4% during the 2nd quarter. JGP Wealth Management LLC now owns 5,034 shares of the financial services provider’s stock worth $1,101,000 after buying an additional 68 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in Marsh & McLennan Companies by 0.7% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 10,207 shares of the financial services provider’s stock worth $2,232,000 after buying an additional 68 shares in the last quarter. Harbour Trust & Investment Management Co lifted its position in Marsh & McLennan Companies by 3.7% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 63,184 shares of the financial services provider’s stock worth $13,815,000 after buying an additional 2,249 shares in the last quarter. RFG Advisory LLC lifted its position in Marsh & McLennan Companies by 5.0% during the 2nd quarter. RFG Advisory LLC now owns 1,375 shares of the financial services provider’s stock worth $301,000 after buying an additional 66 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its position in Marsh & McLennan Companies by 3.6% during the 2nd quarter. Moran Wealth Management LLC now owns 13,566 shares of the financial services provider’s stock worth $2,966,000 after buying an additional 477 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $189.98 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $93.40 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81. The stock has a 50-day moving average of $202.68 and a 200-day moving average of $213.51. Marsh & McLennan Companies, Inc. has a one year low of $185.12 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the prior year, the business posted $1.63 EPS. Marsh & McLennan Companies’s revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 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 Friday, November 14th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Analyst Ratings Changes

Several brokerages recently issued reports on MMC. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $248.00 to $242.00 in a research report on Thursday, October 9th. UBS Group dropped their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a report on Friday. Morgan Stanley dropped their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Finally, Evercore ISI dropped their price objective on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a report on Friday. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $233.67.

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.